Wal-Mart and Bharti are likely to adopt neighborhood store model US retailer Wal-Mart is known the world over for its large format hypermarkets and supermarkets, but for its operations in India, the company is considering opening small neighborhood stores to attract local customers who value local customs and understand consumer preferences. According to Love Goel, Chairman of Growth Ventures Group, a global retail investment firm and a former advisor to Wal-Mart, "We expect Wal-Mart and Bharti to explore the neighbourhood market concept because groceries are one of the largest retail categories with the least organised retail competition in India."