Walmart Opens 1000th Walmart MoneyCenter, Announces 500 More for 2010Money services customers saved $450 million last year BENTONVILLE, Ark. (March 16, 2010) – Walmart (NYSE: WMT) today celebrated the grand opening of its 1000th Walmart MoneyCenter and announced plans to add Walmart MoneyCenters in 500 additional stores this year. The 1000th Walmart MoneyCenter, located in Chalmette, La., gives customers affordable solutions on basic money services, including the Walmart MoneyCard. “Walmart MoneyCenters are a cornerstone of our business and were specially created to give customers a welcoming environment where they can save when they cash checks, pay bills and transfer money,” said Jane Thompson, president, Walmart Financial Services. “Customers ask when their stores will get a Walmart MoneyCenter, so we are delighted to announce the expansion into approximately 500 more stores.” Walmart MoneyCenters are dedicated spaces inside the store that offer customers an inviting, safe and convenient place to handle their basic financial needs seven days a week. With the anticipated expansion into 500 more stores this year, there will be Walmart MoneyCenters in approximately 40 percent of Walmart’s 3,763 stores nationwide. Company estimates indicate that customers saved $450 million in fees last year by using money services at Walmart.* Walmart MoneyCenter Services Walmart is a leading provider of affordable money services that help customers manage their money and keep their finances on track.
1000th MoneyCenter Celebration The center provides an extensive range of services to St. Bernard Parish, an area that suffered widespread devastation from Hurricane Katrina. The center’s offerings range from legal aid to food to after-school programs, and include financial literacy classes to help families learn money management and take control of their finances. Scott Miller, Walmart regional general manager, said, “We are very happy to support the Community Center in helping the families of St. Bernard Parish.” To extend the celebration of the opening of the 1000th Walmart MoneyCenter, $1,000 donations are also being made to groups that promote financial literacy in Atlanta, Birmingham, Ala., Charlotte, N.C., Dallas, Houston, Orlando, Fla., Phoenix, Raleigh, N.C., and St. Louis. About Walmart *Savings figures are based on Walmart’s internal research and projected savings when Walmart’s basic money services are compared to major national competitors. Basic money services include: check cashing, bill pay, money transfers, money orders and the Walmart MoneyCard. EDITOR’S NOTES
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