
NEW YORK, March 28 (UPI) -- Wal-Mart Stores Inc. has decided to forget about trying to open a store on New York's densely populated Manhattan island, its chief executive says.
"I don't care if we are ever here," Lee Scott" class="tpstyle">H. Lee Scott Jr. told The New York Times.
The largest U.S. retailer, which has nearly 4,000 U.S. stores, has met strong union resistance in New York, Los Angeles, Chicago, Cleveland and other large U.S. cities.
"The glue is the unions," Scott said of the opposition's common thread. "It's too hard to make money here."
On learning of Wal-Mart's apparent plans to write off New York, New York City Central Labor Council Executive Director Ed Ott said: "We don't care if they're never here. We don't miss them. We have great supermarkets and great retail outlets in New York. We don't need Wal-Mart."
A company spokeswoman said Wal-Mart might still try to open stores in the city's outlying boroughs.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption