Chicago Blows Wal-Mart Off

Wal-Mart strategy stumbles in taking over a major metropolitan area like Chicago.

They expected an easy conquest but have learned that it won't be quite so easy to steamroll through The Windy City.
If Wal-Mart can't succeed in Chicago, the retailer's urban strategy will have suffered a critical blow at a time when investors have grown increasingly frustrated with Wal-Mart's lack of growth. Its stock now trades around $45, down 25 percent from March 2004 compared with a 35 percent gain in the Standard & Poor's 500 index in the same time period.

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