RetailWire asked its BrainTrust panel of retailing experts what they thought of the potential of the WalmartExpress format as well as its impact on the competitive landscape.
The retail giant, which rose to dominance with 185, 000-foot Supercenters, plans to open its first WalmartExpress store in the second quarter of this year, though it won't say where.
American Express is charging Walmart less than what debit card-issuing banks like Bank of America, JPMorgan Chase and Citi and Wells Fargo would charge Walmart via debit card swipe fees.
Walmart did a deal with American Express, which has made a massive investment to market its nascent prepaid capabilities, and dealt a massive blow to the value of Green Dot.