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At this point, we've heard so many rumors about Wal-Mart moving into NYC that we're going to have to be hired as greeters ourselves before we stop being skeptical. Still, you should know that the discount monolith is once again eying the city. According to the Financial Times, Wal-Mart's reputation has improved during the recession, giving the brand a political foothold in cities where its anti-union stance has harmed it in the past. (This summer's green initiative didn't hurt, either.) Wal-Mart is now trying to build on that slight advantage by donating to local charities and hiring political consultants to advise its real estate department. Soon enough, it might just come crawling back.
· Walmart eyes urban expansion in US [FT]
· RackedWire: Wal-Mart Sniffing Around NYC Again [Racked]
· Surprise Of The Year: Wal-Mart Is Going Green [Racked]