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By the fall of 1993, Brookshire stores were experiencing
increased competition from Wal-Mart SuperCenters that were being
opened within the same geographic markets in which Brookshire
stores were located. In 1992, a Wal-Mart SuperCenter opened in
Mount Pleasant, Texas, in direct competition with two Brookshire
stores, apparently the cause in a drop of current sales of those
two Brookshire stores by 20 to 30 percent.
In 1993, prior to decedent’s death, four additional Wal-Mart
SuperCenters opened in direct competition with Brookshire stores,
apparently the cause in a drop of current sales of those
Brookshire stores by 20 to 40 percent.
In early fall of 1993, Wal-Mart announced the opening in
1994 of four or five additional SuperCenters, and Wal-Mart had
plans to open approximately 15 additional Wal-Mart SuperCenters
in the near future in the same markets as those in which
Brookshire stores were located.
To be competitive with the Wal-Mart SuperCenters that were
being opened in its markets, Brookshire would be required to make
large capital expenditures to refurbish old grocery stores and to
construct new stores.
For its fiscal year ending September 28, 1993, Brookshire's
net sales from its grocery stores and other business activities
was approximately $1.12 billion.
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Last modified: May 25, 2011