Bill Simon, Wal-Mart’s U.S. president and CEO, explained in a statement that the company will move to a three-format portfolio. The large format is the Walmart supercenter, which carries both groceries and general products. The next size smaller — stores between 30,000 square feet and 60,000 square feet — will be based on a market’s specific needs, and the new under 30,000 square foot template will be aimed at small towns and urban markets, according to the statement.
South Carolina Community Impact
Real Estate
As of September 2010, Walmart's presence in South Carolina includes:
Supercenters: 71
Discount Stores: 5
Neighborhood Markets: 0
Sam's Clubs: 9
Distribution Centers: 2
Average store size (national average)
Supercenter: 185,000 sq. ft. with approx. 142,000 items
Discount Store: 108,000 sq. ft. with approx. 120,000 items
Neighborhood Market: 42,000 sq. ft. with approx. 29,000 items
Sam's Club: 132,000 sq. ft. with approx. 5,500 items
People
•As of September 2010, the total number of Walmart associates in South Carolina is 28,255.
•As of September 2010, the average wage for regular, full-time hourly associates in South Carolina is $12.61 per hour (Walmart Discount Stores, Supercenters, and Neighborhood Markets). Additionally, associates are eligible for performance-based bonuses.
•In recent years, Walmart has contributed four percent of an associate's eligible pay to their combined Profit Sharing and 401(k) Plan.
Suppliers
•In FYE 2010, Walmart spent $812,224,336.00 for merchandise and services with 753 suppliers in the state of South Carolina. As a result of Walmart's relationship with these suppliers, Walmart supports 32,683 supplier jobs in the state of South Carolina.
•Supplier figures provided by Dun & Bradstreet.
Taxes and Fees
•Walmart collected on behalf of the state of South Carolina more than $244.6 million in sales taxes in FYE 2010.
•Walmart paid more than $35.3 million in state and local taxes in the state of South Carolina in FYE 2010.
Community Involvement
•In 2009, Walmart stores, Sam's Club locations and the Walmart Foundation gave more than $6.6 million in cash and in-kind donations to local organizations in the communities they serve in the state of South Carolina. Through additional funds donated by customers, and Walmart and Sam’s Club associates throughout the state, the retailer’s contributions in South Carolina totaled more than $9.2 million.
