There's a retail business with 700 stores nationwide that has 22 straight quarters of positive comparable sales growth and 11 straight quarters with comps up 5% or more. It's notKroger or Costco, but a division of Wal-Mart that has been quietly crushing the competition -- the Neighborhood Market.
Wal-Mart launched its first Neighborhood Market in 1998, but it began aggressively expanding the concept a few years ago, more than doubling the number of stores between fiscal 2013 and fiscal 2015. The pace of expansion peaked in fiscal 2015 with 235 Neighborhood Markets opened, but the company plans to open about 90 stores this year, bringing the total to around 750 stores, about as many as Costco. . . . more