The Ticker

Wal-Mart to open more smaller stores

Wal-Mart Stores Inc. plans to increase the number of so-called "Neighborhood Market" stores, its smaller concept store, by nearly 75 percent over the next 18 months.

The world's largest retailer plans to have 500 of the smaller stores open within the next 18 months, up from a current 290.

In an effort to reach more customers in urban settings and geographies that can't support a traditional "Supercenter," the Bentonville, Ark.-based company is focusing on two small-store concepts: its Neighborhood Market and Walmart Express, that are meant to compete directly with grocery stores, discount/dollar stores and drug stores.

Wal-Mart's Neighborhood Market stores are sized on average at 38,000 square feet and the small-concept Walmart Express stores average about 15,000 square feet.

TOMORROW

• Federal Reserve releases industrial production for August.

TUESDAY

• Labor Department releases Consumer Price Index for August.
• National Association of Home Builders releases housing market index for September.
• Federal Reserve policymakers begin a two-day meeting to set interest rates.

WEDNESDAY

• Commerce Department releases housing starts for August.
• Federal Reserve policymakers meet to set interest rates.
• FedEx Corp. reports quarterly earnings before the market opens.
• Oracle Corp. reports quarterly earnings after the market closes.

THURSDAY

• Labor Department releases weekly jobless claims.
• Commerce Department releases current account trade deficit for the second quarter.
• Freddie Mac, the mortgage company, releases weekly mortgage rates.
• Conference Board releases leading indicators for August.
• National Association of Realtors releases existing home sales for August.

THE SHUFFLE

• Coldwell Banker Residential Brokerage in New England announced that Lauren Rabb, left, has been appointed sales manager of the company's Newton and Chestnut Hill offices. Rabb will be responsible for the day-to-day sales and operations of 74 sales associates serving Newton, Brookline and the surrounding communities.
• Putney Inc., a pharmaceutical company focused on the development and sale of generic prescription medicines for pets, has named Ellen Tobias as vice president of technical operations.

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