Walmart is Quietly Closing Numerous Stores Across the Country Walmart is closing 11 stores in eight states, most of them Walmart Neighborhood Market stores, which are smaller versions of the company’s Supercenters. The Walmart Supercenter in Lafayette, Louisiana, is the only one of its kind on a list being reported by Business Insider. The Advocate reported that the store closed Friday. Local officials said Walmart officials told them that there were, in essence, too many stores too close together. The area where the store closed is also dominated by low-income residents. Walmart is shuttering Walmart Neighborhood Market stores in Chandler and Tucson, Arizona; San Jose, California; Liberal, Kansas; Columbia, South Carolina; Morristown and Knoxville, Tennessee; North Chesterfield and Virginia Beach, Virginia; and Vancouver, Washington. Closing dates varied. Some of the Neighborhood Market stores closed Friday; others were scheduled to shut down April 19. In February, Walmart posted a $3.69 billion profit for the final quarter of 2018 on sales of $138.79 billion. Its profits and sales figures topped Wall Street estimates, The Washington Post reported. Walmart currently has more than 4,700 U.S. stores, with about 3,570 Supercenters and roughly 700 Neighborhood Markets.
Walmart is Quietly Closing Numerous Stores Across the Country Walmart is closing 11 stores in eight states, most of them Walmart Neighborhood Market stores, which are smaller versions of the company’s Supercenters. The Walmart Supercenter in Lafayette, Louisiana, is the only one of its kind on a list being reported by Business Insider. The Advocate reported that the store closed Friday. Local officials said Walmart officials told them that there were, in essence, too many stores too close together. The area where the store closed is also dominated by low-income residents. Walmart is shuttering Walmart Neighborhood Market stores in Chandler and Tucson, Arizona; San Jose, California; Liberal, Kansas; Columbia, South Carolina; Morristown and Knoxville, Tennessee; North Chesterfield and Virginia Beach, Virginia; and Vancouver, Washington. Closing dates varied. Some of the Neighborhood Market stores closed Friday; others were scheduled to shut down April 19. In February, Walmart posted a $3.69 billion profit for the final quarter of 2018 on sales of $138.79 billion. Its profits and sales figures topped Wall Street estimates, The Washington Post reported. Walmart currently has more than 4,700 U.S. stores, with about 3,570 Supercenters and roughly 700 Neighborhood Markets. 
0 Comments