I've heard that Walmart will be closing three stores on July 20.
The ones on the chopping block are Corning AR, Clinton, IL, and Edna, TX.
Does anybody here know more about these closings? Mainly, is it going to be only these three stores or can we expect more announcements soon?
They just announced three closures in louisville ky effective in August. A super center and two neighborhood markets
The Clinton, Il. store is a Division 1; its antiquity value and the fact that Clinton is micro-tiny with no other stores around are the only things that have propped it up this long.
Rememember 10 years ago when WM was opening 3-5 new stores every week? I knew at the time that was going to bite them in the a--. But that's the classic cycle of greed: seeing nothing but making more profit, in spite of all common sense.
Walmart as we've known it is done.
They need to do it. They’re over saturated. You can’t operate a retail business paying for unproductive stores.
Those buildings can be repurposed as migrant detention sites when the great roundup begins
The correlation I’ve noticed with the stores closing is that they are supposedly underperforming and they are within that 20-40 minute travel window to another location.
Walmart Inc, has recently listed land for sale that was suppose to be future store sites. Given this information and that they have continued to quietly close stores since the purge of store closings announcement in January, there will probably be more store closings in saturated markets that will continue to happen gradually.