Walmart 1999 Annual Report Download - page 12

Download and view the complete annual report

Please find page 12 of the 1999 Walmart annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 40

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40

bit of good news was long
overdue in Panorama City.
The General Motors plant
closed in 1992. More busi-
nesses closed after the
Northridge earthquake in
1994. In 1996 the only anchor tenant in
the Panorama Mall, The Broadway
department store, also closed.
And then good news came to
Panorama City, a central-city neigh-
borhood in Los Angeles’ San
Fernando Valley. It can be
summed up in one name: Wal-
Mart.
Today, instead of deterioration
and declining traffic, bustling crowds
and retail excitement are driven by the
new Wal-Mart store that replaced The
Broadway in the Panorama Mall.
“You can see it in the community – peo-
ple are happy again,” said Louise
Marquez, mall manager and marketing
director for Panorama Mall, one of 52
malls nationwide owned by The
Macerich Co. “You can see a lot of people
with strollers, walking over to the mall.
“I have a lot of respect for Wal-Mart,”
Marquez said. “They do a lot more for
the community than most anchors.”
Store No. 2568, which opened May 20,
1998 in Panorama Mall, is a Wal-Mart
THE ULTIMATE
‘LEARNING ORGANIZATION’
THE “NEW” STORE IN PANORAMA CITY MAY NOT
LOOK LIKE AN ORDINARY WAL-MART, BUT THEN,
WAL-MART HAS NEVER BEEN TIED DOWN TO
OLD WAYS OF SERVING OUR CUSTOMERS.
12
A
COMMUNITY COMMITMENT
A true community store: Assistant Manager Javier Rincon (left) and associates Bennie Rubin and Evita
Bimbeia (above) help bring the Wal-Mart Way to Panorama City in central-city Los Angeles.