Walmart Stores Inc. said it is abandoning efforts to build a grocery in Somerville and a big-box store in Watertown saying the projects no longer make financial sense for the world’s largest retailer. The chain had not yet submitted formal plans to either of the towns, but had been working with the landlords of each site. In Somerville, Walmart wanted to build a Neighborhood Market, grocery on near Assembly Square. In Watertown, the retailer was looking to construct a Supercenter on Arsenal Street.
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