Wal-Mart Stores, Inc. (NYSE: WMT) may not ever get any love in the San Francisco area. The world's largest retailer had its hopes for more store frontage in the San Francisco Bay Area dashed this week when the retailer's primary construction vendor pulled out from its prior application to build the big-box location. The vendor was controlled by a family that was apparently sympathetic to the plight of chasing off new Wal-Mart stores in the Bay Area, so it pulled its application for building a new Wal-Mart Supercenter as a result. The new Wal-Mart location, which was to be built in the North Concord area, now has no firm to build it. North Concord residents and the City Council there had cited the Wal-Mart proposal as inadequate in addressing issues such as traffic, public safety, urban decay, water control, energy and parking. In other words, the usual suspects when a municipality wants to fend off a proposed Wal-Mart location.
Of course, Wal-Mart has a history of trying again and again to get locations built in areas that have significant shopper traffic and good demographics, and surely the retailer won't put its tail between its legs and leave town like Wal-Mart CEO Lee Scott indicated would happen in New York City recently. With only three Wal-Mart Supercenters approved in the Bay Area in the last four years, Wal-Mart has been beaten up pretty well in that area, although it continues the fight.
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