Walmart To Open 300 Stores

— Walmart is teaming up with First Lady Michelle Obama today to announce the company will open about 300 Market and Supercenter stores by 2016 in designated food desert areas.

The Department of Agriculture defines a food desert as an area where 33 percent or 500 people, whichever is less, live more than a mile from a grocery store in an urban area or more than 10 miles away in a rural area.

The new stores will be in both rural and urban areas, and Walmart said it will provide groceries for more than 800,000 customers and jobs for 40,000 employees.

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