- Get dividend stock recommendations from our dividend portfolio
- Learn how to build positions at the DRIP Investing page
- See how dividends can fit into your passive income strategy
Walmart Opening 300 Stores To Serve “Food Deserts”
Posted on | July 20, 2011 | Comments Off
Food deserts are defined as areas in industrial nations where fresh, quality food is difficult to obtain for the local population. In the US, this usually refers to low income neighborhoods.
Here is part of the announcement:
Since 2007, the company has opened 218 stores serving food deserts. The projected new and existing locations, totaling about 500 stores, will provide access to fresh and healthy food in more than 700 food deserts and will serve approximately 1.3 million people living in these areas. To be included in this figure, a person must both live in a USDA designated food desert area and be within one mile of an urban Walmart or within ten miles of a rural Walmart store.
“By opening stores where customers need them most, Walmart will help build healthier families and stronger communities. We believe every single person should have access to an abundant selection of fresh fruits and vegetables at an affordable price,” said Leslie Dach, executive vice president of corporate affairs at Walmart.
Many areas classified as food deserts are also job deserts. More than 40,000 associates will work in these stores once they are open. These full- and part-time jobs will provide competitive wages and the opportunity to build a career with the company.