Closed Walmart Neighborhood Market being converted into Monterrey Market [Yahoo! Finance]
Walmart Inc. (WMT)
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Source: Yahoo! Finance
The store at 7025 W. Main St., which closed in May, is being converted into a Monterrey Market, according to an application filed with the city Department of Neighborhood Services. In a statement in April, Walmart's corporate office said the decision to close the store was influenced by a number of factors, 'including projected financial performance, location, population, customer needs, and the proximity of other nearby stores." Monterrey Market, owned by Milwaukee businessman Robert Montemayor, sells American and Latin American products at two locations in Milwaukee. The store bills itself as "more than just a grocery store; we are a place where traditions are honored, and connections are strengthened." The original store on South 13th Street has become a neighborhood fixture, Montemayor told the Journal Sentinel in 2019. This article originally appeared on Milwaukee Journal Sentinel: Closed Walmart Neighborhood Market in Milwaukee to be Monterrey Market View Comments
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