Monday, November 8, 2010
Could WalMart Be Ready to Take on NY? UPDATE
Crains is reporting that Walmart is poised to make a big push again to try to get a store open in NYC. Walmart recently hired Mayor Bloomberg's former campaign manager Bradley Tusk to help its efforts, and they are looking at smaller store sizes which would negate the most powerful tool used to keep them out -- City Council zoning regulations. The Crains article mentions the Kingbridge Armory as an interesting backdrop, "Meanwhile, leaders of the city's building trades are still irritated that the retail union engineered the defeat of a proposed mall at the Kingsbridge Armory last year, killing 1,000 construction jobs. With its members facing 30%-plus unemployment rates, the trades have little incentive to join the retail unions in fighting Walmart, which said it will build with union labor. The Building and Construction Trades Council declined comment." Meanwhile. other big box stores such as Costco and Target are thriving here and employing a lot of people. What do you think about the possibility of Walmart coming to NY?
UPDATE: The New York Post reports today that New York City residents spent $165 million at Walmart even though there is not a store in the 5 boroughs. This would seem to contradict a quote by this union official, "Walmart is still not welcome," said Stuart Appelbaum, of the national Retail and Wholesale Workers union." Who is this dude to speak for 8 million New Yorkers?