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Despite Supermarket News reporting this morning that Wal-Mart has declined interest in the Circut City and Virgin Megastore sites, Wal-Mart did acknowledge their continued interest in the “Jewel” of retail, New York City.
Retail, Wholesale and Department Store Union President Stuart Applebaum called the move opportunistic:
“We don’t need Wal-Mart to take a advantage of an economic crisis to sneak into New York and drive down standards and wages,” he said.
He’s right, the last thing this city needs is for Wal-Mart to continue to take advantage of the recission. Reports have surfaced in the past few weeks of their strategy to take advantage of the recession in order to “sneak” into cities, they’ve done so in Chicago and now California.