Impact of An Anticipated Wal-Mart On the Northern Neck, VA. (1999)
Topics: Community Impact | Hiring an Expert
Tom Muller. “Local merchants would lose a majority of sales to Wal-Mart. The actual
percentages vary from 18% to 60% assuming a 30% recapture rate…the reduction in
property values would be $3.6 million to $4.5 million…Unlike manufacturing, new retail
creates no jobs at the regional level: they shift jobs.
