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In retail, Wal-Mart sait it would expand its total selling space by 8%.
With the competition thus diverted, in June Fry's more than doubled its total selling space, to 2 million square feet, with the $118 million acquisition of six Incredible Universe megastores in the western U.S. closed by Tandy Corp.
The larger superstore format would be used in only 11 locations, for a total of 1.1 million square feet, or only 27% of the total selling space.
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Total new selling space this year will be under 1m sq ft, compared with 1.5m sq ft planned for the next financial year.
But 114 of these units would be smaller stores, or a total of 1.7 million square feet -- 43% of Wal-Mart's projected selling space.
"Most of the selling space was upstairs.
This creates both selling space and performing space, since the steps can be used as seating.
Ikea's business model requires a vast selling space.
Eighty-five percent of a store is dedicated to selling space.
Score: 10 Fraser: A total sell-out of a song.
The total sold rose to £136.46 million.
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