Wal-Mart drops store bid on Eastern Cherokee Reservation
Wal-Mart won't be bringing a store to the Eastern Cherokee Reservation in North Carolina.

The tribal council approved a deal to build a $25 million storefront for a Walmart Supercenter. But a company spokesperson said the economy isn't right at this time.

"Our consultants informed us in early 2010 that Wal-Mart’s domestic focus had changed primarily to urban markets due to the recent recession, however they would continue to pressure Wal-Mart’s upper management to get the Cherokee deal approved and construction scheduled as soon as possible since lease negotiations with the Tribe had been ongoing prior to the downturn in the U.S. economy," the spokesperson said, according to The Smoky Mountain News.

Get the Story:
Wal-Mart not coming to Cherokee (The Cherokee One Feather 5/5)
No Wal-Mart for Cherokee (The Smoky Mountain News 5/5)
Cherokee Walmart plans scuttled (The Asheville Citizen-Times 5/1)