Walmart Opts Out of New York Mall After Facing Labor Opposition

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The prospect that Walmart, the world’s largest retailer, would open its first big-box store in New York City suffered a setback on Friday, with the company saying it would not be a part of a new mall being constructed in Brooklyn.

“We were unable to agree upon economic terms for a project in East New York,” said Steven Restivo, a company spokesman. “We remain committed to bringing new economic development and shopping options to New York City, especially in the neighborhoods that need them most.”

The project, known as Gateway II, is being developed by Related Companies. Walmart and Related had never confirmed that Walmart was being considered for the location, but local unions, some members of the City Council and community groups had raised alarms at the idea of the retailer’s gaining a foothold in the city.

“Walmart’s withdrawal from Gateway II shows that when New Yorkers join arms, even the world’s richest retailer is no match for them,” said Stephanie Yazgi, a spokeswoman for Walmart Free NYC.

A ShopRite supermarket is now expected to anchor the site. A company spokeswoman said that it had “been pursuing this location for some time and believe that we will be able to confirm the status of this potential site shortly.”  

Read the Full Article @ NY Times

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