Knightdale — The Knightdale Wal-Mart will remain open, a company spokeswoman said. The decision comes after the company announced it would not build a Wal-Mart Supercenter in the town.

Earlier, Wal-Mart officials announced plans to close the store on Knightdale Boulevard that has been in business since June, 30 1992. A company spokeswoman said at that time they planned to close the store after a new supercenter opened in Village Park Commons.

But the company’s latest decision to pull out of the proposed shopping center has altered plans.

“The current store will stay where it is and as it is and no jobs will be lost,” said Wal-Mart spokeswoman Tara Stewart.

Stewart said Wal-Mart’s decision to leave the to-be-built Village Park Commons shopping center was to save money and curb growth.

“The decision is related to Wal-Mart’s recently announced plans to moderate growth of U.S. supercenters as part of leveraging capital resources through a strategy designed to improve returns, productivity and sales within U.S. stores,” she said.

“We are scaling back on the number of stores being built in the U.S. and the Knightdale store was caught up in our own internal review process and didn’t make the economic hurdles set by our company for new stores.”

Stewart said the company still views Knightdale as a good place for business.

“While this decision is certainly an appropriate one from a business standpoint, it takes nothing away from the fact that Knightdale is an excellent community and a good place to do business,” she said.

She said there were no immediate plans to locate another supercenter in the town.

With Wal-Mart’s departure, Wakefield Associates president Rick Rowe told town councilmen he wasn’t going to build his shopping center.