Walmart Neighborhood Market to replace former Valley Foods Warehouse; Construction underway and opening planned for end of 2012
Los Angeles, CA, April 16, 2012 – Walmart today announced plans to open a Walmart Neighborhood Market in Panorama City, creating a new option for residents who need a job or want more affordable grocery option close to where they live or work. Construction is currently underway and a grand opening is expected by the end of the year.
The 31,000 sq. ft. store will be located in The Vannord Center, a retail center located at 14530 Nordhoff Street. It will employ about 60 people and replace Valley Foods Warehouse, which has been empty for five years.
Vannord manager Suzanne Ponder told the San Fernando Valley Business Journal, “the 90,000-square-foot center had been fully leased, but that changed when its anchor left…there are currently about 15 vacant storefronts, totaling about 31,000 square feet; and that’s not counting the shell of a building Walmart will occupy.”
“This neighborhood has struggled in the last couple of years and we’re grateful that Walmart has stepped up to pump new life into this retail area,” said Ron Wood, President and CEO of the Valley Economic Alliance. “Most folks here walk to do their shopping and are finding the options are increasingly limited. Specifically, we’ve needed more grocery stores so beyond filling a gap, this Walmart will send a signal to other businesses – big and small – that this neighborhood is worth the investment.”
The new store will feature a wide variety of products, including fresh produce, meat and dairy products, frozen foods, dry goods, condiments and spices as well as a pharmacy, pet supplies and household items.
Over the past few weeks, Walmart has been engaging with the community to better understand the challenges residents face and how a new store might benefit the surrounding area.
“We continue to think Walmart can be part of the solution here in Los Angeles when it comes to economic development and expanded access to fresh food,” said Steven Restivo, Senior Director of Community Affairs at Walmart. “Our Panorama City store is the appropriate size and scale for the neighborhood, serves a real need and will hopefully serve as a magnet for other businesses.”
“Being a 38 year resident of Panorama City, I could not me more excited about having a mainstream grocery store in our immediate area after years of limited options,” said Steven Folden, Neighborhood Watch Block Captain for the area immediately adjacent to the store site. “Our community needs more convenient access to affordable, fresh food and the new Walmart Neighborhood Market will be a perfect fit for our neighborhood and a great improvement to the shopping center.”
The store will be the retailer’s seventh location in the city of Los Angeles. Walmart currently operates stores in West Hills, Porter Ranch, Baldwin Hills Mall, Torrance and Panorama City and recently announced plans to open a Walmart Neighborhood Market downtown at 701 W. Cesar E. Chavez Ave. That store is expected to open in 2013.
Wal-Mart Stores, Inc. (NYSE: WMT) serves customers and members more than 200 million times per week at more than 10,000 retail units under 69 different banners in 27 countries. With fiscal year 2011 sales of $419 billion, Walmart employs 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://walmartstores.com and on Twitter at http://twitter.com/walmart. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.