Report: Wal-Mart Revamps Units

NEW YORK CITY-Wal-Mart is retooling the products in its store base, offering larger varieties of food, electronics and other offerings, according to Lehman Brothers report. The initiative is being put into place in order for the retailer to get a larger return on investment.

The chain is targeting a higher-end consumer in some of its stores by offering a greater variety of organic-food items. Wal-Mart is also offering a larger selection of electronics, featuring more brands.

Additionally, the retailer is going more upscale in the home category, where it has rolled out such items as luxury towels and bedding. Its Metro 7 clothing line for women will also be expanded and the company will offer it in 1,500 units, up from the 800 they are currently in.