I guess other countries are no strangers to closing Walmarts, either. However, I think this time it really isn't our fault for once.
Walmart stores close overnight amid financial fall
https://abcnews.go.com/International/walmart-stores-shuttered-overnight-argentina-faces-financial-collapse/story?id=57618138
Walmart hasn’t successfully translated to a lot of foreign countries.
Did you hear that the Indian currency has taken a huge hit? So we paid $16B for a company that doesn’t make money. And now when we convert what we do make into US dollars, it worth less than when we made the purchase?
Meanwhile, Amazon announces their expansion into India further by now allowing their customers to shop in Hindi.
Meanwhile the company has a whole load of things we need to do in the US market and we just potentially put a $16B crimp in our cash flow.
It's a socio-economic phenomena called a pardijm shift, where goods and / or services, or basically any long established pattern of doing things a certain way meets its demise---usually with some type of prior warning, but not always. Some good examples of this are:
Digital watches replacing hard ware mechanical watches. Smart phones replacing all watches. Internet replacing printed word. Printed words replacing cursice writing
......On line shopping replacing brick-and-mortar stores. And like all the above prior mentioned examples, Walmart Super Centers won't disappear completely----but we'll N E V E R see them return to 2005 status, either.