In addition to the proposed Chinatown Walmart, stores in Burbank, Panorama City and Altadena have also been announced. However, it looks like we may have only scratched the surface of Walmart’s aggressive expansion plans for L.A. County.
Based on a study that estimates that the world’s largest company owns 21% of U.S. grocery markets across rural and suburban areas. If Walmart is to achieve its national average market share in Los Angeles County, it would have to open 212 stores across the county, according to projections by the L.A. Alliance for a New Economy (LAANE).
The economic impact of an additional 212 Walmart retail stores in Los Angeles County would result in an estimated net loss of 8,744 retail jobs, a loss of more than $621 million in annual wages for retailer workers are able to keep their jobs, and an increase of 9,400 Walmart workers reliant on Medi-Cal for health care.
212 Walmarts in LA County?