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Walmart buys Monroeville Mall from CBL Properties for $34 million. A list of strategic reasons that may have made WMT buy a mall. Walmart stock has rallied a whopping 80% in the trailing 12 months.
Currently, the mall is anchored by Macy's, Dick's Sporting Goods, JCPenney and Cinemark, but many businesses have left in recent years. "Obviously, if it's being redeveloped, it's going to change.