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Portland

Portland to be Part of Walmart Growth in Oregon

Retailer Plans New Store and Expansion of Existing Outlet in City

Seven Proposed Oregon Projects Will Mean Jobs, Lower Prices Throughout State

PORTLAND, Ore. (Dec. 22, 2009) – Walmart (NYSE: WMT) announced Tuesday it plans to build a new store in the Hayden Meadows shopping center on the north edge of Portland and expand its existing store on Southeast 82nd Avenue. The new projects bring to seven the number of new or expanded outlets planned by the company in Oregon. The other projects are in Albany, Cornelius, The Dalles, Medford and Warrenton.

“At a time when Oregon is experiencing double-digit unemployment rates, we are very pleased to be able to propose building projects that will bring both jobs to the state and lower prices to help offset the impact of an extremely challenging economy,” said Karianne Fallow, Walmart’s senior manager of public affairs.

Fallow said both Portland stores, when completed, would offer a full range of general merchandise and food, including fresh produce. She said both would incorporate advanced sustainable environmental features not commonly found in retail buildings, including high-efficiency LED lighting, skylights and automatic light-dimming systems.

The Hayden Meadows store will be the state’s smallest full service Walmart, Fallow said. Although only 85,900 sq. ft. in size, the store will include a pharmacy, an optical center, a deli, fresh meat and produce departments. The new store will employ approximately 300 associates, with a majority of the positions being full time. Hayden Meadows is located east of I-5 near the Columbia River bridge and already contains a Lowe’s and Petco among other retail businesses.

Fallow said the 82nd Ave. store, built in 1997, would be expanded from its current size of approximately 136,000 sq.ft. to just over 158,500 sq.ft. to accommodate a full-service grocery offering, including fresh produce and meat, a deli and a bakery. She said the store currently employs 271 and expects to hire approximately 100 more when the expansion is completed.

“Both Portland projects are in the early planning stages, and we intend to provide more details about both projects to interested individuals and businesses nearby and will work closely with city staff,” Fallow said. “We’re interested in locating at Hayden Meadows just like Dick’s Sporting Goods and Lowe’s have been in the past, and we expect our application to be treated as the city would treat any other retailer.”

“We are looking forward to enhancing our investment in Portland and throughout Oregon,” Fallow added.

“We are excited that Walmart is willing to invest in this important redevelopment project,” said Vanessa Sturgeon with TMT Development, the owner of Hayden Meadows. “Their presence will round out a portfolio of world-class retailers in Hayden Meadows and add a needed and great shopping experience to the area.”

Walmart opened its first store in Oregon in 1992. Currently there are 30 Walmarts in the state employing approximately 10,600 associates. Fallow said Walmart pays its hourly, full-time associates in the state an average of $12.26 per hour and offers competitive health, profit sharing, retirement savings and other benefits. In its FY2009 Walmart purchased more than $462 million worth of goods and services from 565 Oregon businesses, she said.

About Walmart
Every week, millions of customers visit Walmart stores, Neighborhood Markets, and Sam’s Club locations across America or log on to its online store at www.walmart.com. The company and its Foundation are committed to a philosophy of giving back locally. Walmart is proud to support the causes that are important to customers and associates right in their own neighborhoods, and last year gave more than $378 million to local communities in the United States. More information about Walmart can be found by visiting www.walmartstores.com.