Crain's Insider: Where the Walmarts Aren't

Ripco Real Estate—which is hoping to bring a Walmart to Gateway II in Brooklyn’s East New York—is simultaneously luring other retail giants to the Bronx’s new Throggs Neck Shopping Center by billing that site as Walmart-free. “One can safely predict a successful shopping center,” says the commercial real estate broker’s website. “There are no Walmarts.” An insider opposed to Walmart opening in New York scoffed. “This is pretty ironic and proves what we are saying,” he said. “Walmart puts nearby retail stores out of business.” A spokesman for the retail giant declined to comment. Read the original post from Crain’s Insider.

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