retail news in context, analysis with attitude

• The Boston Globe reports that Walmart is "abandoning efforts to build a grocery market in Somerville and a big-box store in Watertown, saying the projects no longer make financial sense."

According to the story, "The Arkansas chain had not yet submitted formal plans for either store to the two towns, but its proposals had split members of those communities. In Somerville, Walmart wanted to open a Neighborhood Market, a small grocery on the site of a former Circuit City store on Mystic Avenue at the edge of Assembly Square shopping district. In Watertown, the retailer was looking to construct a 90,000 square-foot Supercenter on Arsenal Street."
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