(Reuters) - Wal-Mart Stores Inc dropped plans to open its first store in New York City, in Brooklyn's East New York section, the company said on Friday.
"Walmart today announced that we were unable to agree upon economic terms for a project in East New York," Steven Restivo, Walmart's senior director of community affairs, said in a statement.
"We remain committed to bringing new economic development and shopping options to New York City, especially in the neighborhoods that need them most," he said.
(Reporting By Martinne Geller in New York)
(This story was refiled to correct spelling in the headline)