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Wal-Mart Abandons Plans for NYC Store

HeadlineFeb 24, 2005

In business news, Wal-Mart has abandoned its plans to open it first store in New York City. The world’s largest retailer was hoping to build a 130,000 square foot store in Queens. But the plan stirred a storm of opposition from neighborhood, labor and environmental groups as well as small businesses. Many City Council members and members of Congress also criticized the plan. Wal-Mart said it hopes to find another location in the city.

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