In the past, Walmart has taken some steps to fight competition from dollar stores like Family Dollar, Dollar General and Dollar Tree.
But the retailer just took things a step further at its ongoing investor meeting.
Walmart is planning on building more than 240 stores under 50,000 square feet by 2013, Shelly Banjo at the Wall Street Journal tweeted. She’s at the meeting.
That kind of investment is pretty extreme and shows just how serious Walmart is about dollar stores.
Dollar stores appeal to low-income shoppers because they can buy things like toilet paper individually instead of having to shell out for an entire package.
The chains have also stepped up their food and cosmetics offerings lately.
DON’T MISS: The Most Valuable Brands In The Retail World >
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.