Sunday, July 19, 2009

Wal-Mart, despite recession, building SuperCenter

The construction of retail complex in Reno that will include a Wal-Mart store is giving the region's recession-pocked economy a boost.

Flood controls and walkways are being built along the Truckee River on the site owned by the Reno-Sparks Indian Colony.

Bentonville, Ark.-based Wal-Mart, the world's largest retailer, has benefited from the recession as shoppers scour for deals and focus on necessities. But University of Nevada economics professor Mark Pingle says the decision to move forward with a new SuperCenter store in Reno was gutsy.

Wal-Mart plans to close an older store and build a second new one in the Reno area.

Information from: Reno Gazette-Journal, http://www.rgj.com

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