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Developing Big Boxes
ECC Board Member
Mike GardnerRegional VP of Real Estate & Design
Mike GardnerRegional VP of Real Estate & Design
SESSION 1
FYE 1990• 1,402 Walmart Discount Stores• 123 Sam’s Clubs• 1,525 Total Domestic US Units.• 101 Million sq ft. for Retail Space• $25.8 Billion in Sales
FYE 2008• 1,075 Walmart Discount Stores• 2,256 Supercenters• 579 Sam’s Clubs• 112 Neighborhood Markets• 4,022 Total Domestic US Units• 616.7 Million sq ft. for Retail Space• $345 Billion in Sales.
Walmart Realty
Walmart Realty
U.S. Development FY08 • 38.1 Million sq ft
• 26 Million sq ft net (+4.8% growth)
• 192 Supercenters• 13 Sam’s Clubs• 20 Neighborhood Markets
U.S. Development YTD FY09• 23.8 Million sq ft• 126 Supercenters• 7 Sam’s Clubs• 12 Neighborhood Markets
Walmart Realty
Who are we?• Real Estate• Design• Architecture• Legal• Public Affairs• Market Research
Retail Development Process
Due Diligence• Survey/ Title Work• Geotechnical Studies• Environmental Site Assessment• Traffic Impact report• Utility Studies• Environment Impact report• Economic Impact reports• Community Efforts
Environmental Impact Reports -EIRs
New York – SEQR California – CEQUA New Jersey – CAFRA Florida – Concurrency Vermont – Act 250 Maine – MIGA
Community Efforts
Zoning• Initial Check• Look for trends and community concerns• Assess compliance• Develop “By-Right” Plan
Examples• Ephrata, PA – Flood plain/Special use
Community Efforts – cont.
Political Landscape• Identify Approving Bodies• Assess Voting Record• Engage In Dialogue
Examples• Huntington Beach, CA – Referendum • Chicago, IL
Community Efforts – cont.
Neighborhood Concerns• Identify Associations• Door to Door• Neighborhood Meetings• Listen to Concerns• Design Solutions
Examples• Walls/ Trees/ Bushes/ Berms• Livonia, MI
• Truck Traffic• Security Cameras
• Site and Store tours.
Community Efforts – cont.
Community Concerns• Identify Community Leaders• Engage in Dialogue• Identify in Community Concerns/ Causes• Create Solutions
Examples• Park Dedications• Historic Building Preservation
• Ionia, MI• Memphis, TN
• Tree Preservation
Community Efforts
Lessons Learned• Develop a Local Presence• Demand Competence & Excellence• Resist Urge to Cut Corners• Let Others Speak for You• Expect, Plan & Budget for Litigation
Chicago, IL
Involve Walmart Executives• Lee Scott, CEO• Tom Schoewe, CFO• John Menzer, Vice Chairman• Michael Lewis, Divisional President• Todd Libbra, Regional General Manager
Campaign For Support• Alderman Mitts (37th Ward)• Lobby Every Alderman• Seek to Create Coalitions
• Black Caucus• Hispanic Caucus
Chicago, Illinois
Create Jobs• 443 jobs – over 15,000 applied• Over 70% from western Chicago communities• Over 50% from 37th Ward• 77% African American• 18% Hispanic
Commit to the Community• Walmart committed over $500,000 to local
organizations, charities, and business organizations
Building Local Businesses• Support Local Chamber of Commerce with assistance
to Small Businesses.• Source product from Chicago based, minority-owned
businesses• Build using Chicago-based, female & minority-owned
contractor.
Chicago, Illinois
Margaret Garner CEO and President Broadway Consolidated Companies,
Inc. First African American to head construction of a Walmart
Store
Chicago, Illinois
Corporate Relevance
October 2005 – Katrina Engage Non Governmental Organizations Listen to Criticism & Suggestions Be Willing to Change
Corporate Relevance Economic Opportunity
• Customer Savings• Job Creation
Environment• Sustainability 360 – products, practices, lives &
communities Health Care
• More Accessible, More Affordable & Better Diversity
• Workforce & Vendors Ethics
• Improve Pay and Practices in Factories