Valley Wal-Mart

Retail giant Wal-Mart scrapped plans to open a 150,000-square-foot store in the San Fernando Valley city of Northridge after determining that the necessary environmental impact report would take too long to complete. The Bentonville, Ark.–based retailer, which already operates stores in West Hills and Porter Ranch, will continue to look for a third Valley site. It’s a question of “how to best serve the community,” said company spokesman Kevin McCall. “We believe the Valley is a wonderful opportunity for retail, and we’re always looking.