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Post Info TOPIC: The 154 Walmart stores set to shut in the U.S. after company announces 269 closures worldwide
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The 154 Walmart stores set to shut in the U.S. after company announces 269 closures worldwide
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  • More than half of the stores Wal-Mart is closing are in the U.S. and another big chunk are in its challenging Brazilian market
  • Stores being shuttered account for a fraction of the company's 11,000 stores worldwide and less than one per cent of its global revenue 
  • Store closures will start at the end of the month and company said it is working to ensure that workers are placed in nearby locations
  • The closures will impact a total of 16,000 employees, about 10,000 in the U.S.

By ASSOCIATED PRESS

PUBLISHED: 09:56 EST, 15 January 2016 | UPDATED: 13:31 EST, 15 January 2016

 

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Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market.

The stores being shuttered account for a fraction of the company's 11,000 stores worldwide and less than one per cent of its global revenue.

More than 95 per cent of the stores set to be closed in the U.S. are within 10 miles of another Wal-Mart. 

The decision will impact a total of 16,000 employees, about 10,000 in the U.S.

Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The decision will impact a total of 16,000 employees, about 10,000 in the U.S
 
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Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The decision will impact a total of 16,000 employees, about 10,000 in the U.S

The store closures will start at the end of the month. 

The Bentonville, Arkansas, company said it is working to ensure that workers are placed in nearby locations.

In cases where that is not possible, Wal-mart said it would provide employees 60 days of pay and if eligible, severance, in addition to resume and interview skills training.

'The decision to close stores is difficult and we care about the associates who will be impacted,' Wal-Mart Stores Inc. CEO Doug McMillon said in a statement. 

'We invested considerable time assessing our stores and clubs and don't take this lightly. 

'We are supporting those impacted with extra pay and support, and we will take all appropriate steps to ensure they are treated well.' 

The announcement comes three months after McMillon told investors that the world's largest retailer would review its fleet of stores with the goal of becoming more nimble in the face of increased competition from all fronts, including from online rival Amazon.com.

'Actively managing our portfolio of assets is essential to maintaining a healthy business,' McMillon said.

'Closing stores is never an easy decision. But it is necessary to keep the company strong and positioned for the future.'

Wal-Mart operates 4,500 in the U.S. Its global workforce is 2.2 million, 1.4 million in the U.S. alone.

Wal-Mart has warned that its earnings for the fiscal year starting next month will be down as much as 12 per cent as it invests further in online operations and pours money into improving customers' experience.

Of the closures announced Friday, 154 locations will be in the U.S., including the company's 102 smallest-format stores called Wal-Mart Express, which were opened as a test in 2011.

Wal-Mart Express marked the retailer's first entry into the convenience store arena. 

The stores are about 12,000 square feet and sell essentials like toothpaste. 

The stores being shuttered account for a fraction of the company's 11,000 stores worldwide and less than one per cent of its global revenue
 
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The stores being shuttered account for a fraction of the company's 11,000 stores worldwide and less than one per cent of its global revenue

But the concept never caught on as the stores served the same purpose as Wal-Mart's larger Neighborhood Markets: fill-in trips and prescription pickups.

Also covered in the closures are 23 Neighborhood Markets, 12 supercenters, seven stores in Puerto Rico, six discount stores and four Sam's Clubs.

Wal-Mart will now focus in the U.S. on supercenters, Neighborhood Markets, the e-commerce business and pickup services for shoppers.

The retailer is closing 60 loss-making locations in Brazil, which account for five per cent of sales in that market. 

Wal-Mart, which operated 558 stores in Brazil before the closures, has struggled as the economy there has soured. 

Its Every Day Low price strategy has also not been able to break against heavy promotions from key rivals.

The remaining 55 stores are spread elsewhere in Latin America.

Wal-Mart said that it's still sticking to its plan announced last year to open 50 to 60 supercenters, 85 to 95 Neighborhood Markets and 7 to 10 Sam's Clubs in the U.S. during the fiscal year that begins February 1. 

Outside the U.S., Wal-Mart plans to open 200 to 240 stores.

The financial impact of the closures is expected to be 20 cents to 22 cents per diluted earnings per share from continuing operations with about 19 cents to 20 cents expected to affect the current fourth quarter. 

The company is expected to release fourth quarter and full year results on February 18.

Shares of Wal-Mart Stores Inc. fell $1.12, or 1.7 per cent, to 61.94 in morning trading.

FULL LIST OF 154 WALMART STORE LOCATIONS CLOSING ACROSS THE U.S.

Walmart Express - Date closed to public 

#2173: 14331 Count Rd. 99, Headland, AL 1/28/2016

#2011: 18 Apple Way, Ashford, AL 1/28/2016

#2165: 952 E. Lawrence Harris Hwy, Slocomb, AL 1/28/2016

#2186: 407 West Washington St., Abbeville, AL 1/28/2016

#2235: 6361 Hwy 72 East Gurley, AL 1/28/2016

#2260: 87395 US Hwy 278, Snead, AL 1/28/2016

#3769: 3530 Cathedral Caverns Hwy, Grant, AL 1/28/2016

#3779: 10188 Hwy 431 South, New Hope, AL 1/28/2016

#2498: 720 N Hwy 71, Mansfield, AR 1/28/2016

#2578: 3500 Mulberry Hwy 64 W, Mulberry, AR 1/28/2016

#2601: 814 W. Main, Charleston, AR 1/28/2016

#2669: 1531 E Hwy 64, Coal Hill, AR 1/28/2016

#3819: 8848 N Hwy 59, Van Buren, AR 1/28/2016

#3878: 5 Hwy 124 West, Damascus, AR 1/28/2016

#4217: 154 E Roller, Decatur, AR 1/28/2016

#3032: 905 S Gentry Blvd, Gentry, AR 1/28/2016

#3033: 800 1st Ave SE, Gravette, AR 1/28/2016

#3034: 881 W Buchanan, Prairie Grove, AR 1/28/2016

#3358: 1113 S.R. 20, Interlachen, FL 1/28/2016

#4265: 1209 East Wade St., Trenton, FL 1/28/2016

#4267: 15726 SE Hwy 19 Cross City, FL 1/28/2016

#4228: 560 S. Broad St., Ellaville, GA 1/28/2016

#4229: 1041 S US Hwy 1, Alma, GA 1/28/2016

#4234: 155 West Washington Ave., Ashburn, GA 1/28/2016

#4251: 398 Barrow Ave SW, Pelham, GA 1/28/2016

#4254: 907 Marianna Hwy, Donalsonville, GA 1/28/2016

#4261: 290 Albany Ave. West, Pearson, GA 1/28/2016

#4263: 142 S. Valdosta Road, Lakeland, GA 1/28/2016

#3065: 3636 N Broadway St., Chicago, IL 1/17/2016

#3039: 225 W Chicago Ave., Chicago, IL 1/17/2016

#3369: 900 East Ross Ave., Clearwater, KS 1/28/2016

#4353: 505 Housatonic St., Burlington, KS 1/28/2016

#4360: 705 N High School Ave., Columbus, KS 1/28/2016

#4361: 1105 East 15th St., Ellsworth, KS 1/28/2016

#4362: 120 West Rosewood St., Rose Hill, KS 1/28/2016

#4651: 605 Orchard Drive, Hillsboro, KS 1/28/2016

#3755: 1445 Old Highway 13, Mamou, LA 1/28/2016

#4634: 1506 Main St., Colfax, LA 1/28/2016

#3753: 620 North Hwy 26, Lake Arthur, LA 1/28/2016

#3815: 501 West Hwy 90, Iowa, LA 1/28/2016

#3839: 9181 Hwy 67, Clinton, LA 1/28/2016

#3849: 920 Avenue G, Kentwood, LA 1/28/2016

#3879: 1495 Obrie St., Zwolle, LA 1/28/2016

#4647: 515 3rd St., Independence, LA 1/28/2016

#4269: 224 E Hwy 76, Anderson, MO 1/28/2016

#4270: 508 N Cliffside Dr., Noel, MO 1/28/2016

#4282: 33597 State Hwy 112, Seligman, MO 1/28/2016

#4289: 414 N Elm, Clever, MO 1/28/2016

#3856: 410 2nd St., Belmont, MS 1/28/2016

#3863: 2795 Hwy 371 N, Mantachie, MS 1/28/2016

#3865: 420 E Lee St., Sardis, MS 1/28/2016

#3866: 28191 Hwy 15, Walnut, MS 1/28/2016

#4294: 519 W Veterans Ave., Derma, MS 1/28/2016

#4296: 7104 Will Robbins Hwy, Nettleton, MS 1/28/2016

#3211: 509 Dr. Donnie H. Jones Blvd W, Princeton, NC 1/28/2016

#3249: 511 N Mckinley St., Coats, NC 1/28/2016

#5024: 6043 US Hwy 301 S, Four Oaks, NC 1/28/2016

#3257: 112 N Main St., Broadway, NC 1/28/2016

#5015: 908 E. 4th Ave., Red Springs, NC 1/28/2016

#5017: 7670 Clinton Rd., Stedman, NC 1/28/2016

#7207: 1400 B Broad St., Oriental, NC 1/28/2016

#5138: 702 S. Wall St., Benson, NC 1/28/2016

#2500: 945 Monroe St., Carthage, NC 1/28/2016

#2573: 303 S. Goldsboro St., Pikeville, NC 1/28/2016

#6997: 632 W Swannanoa Ave., Liberty, NC 1/28/2016

#3007: 139 N Hwy 49, Richfield, NC 1/17/2016

#3036: 1593 NC Hwy 86 N, Yanceyville, NC 1/28/2016

#3037: 905 SE 2nd St., Snow Hill, NC 1/28/2016

#3080: 182 NC 102 W, Ayden, NC 1/28/2016

#3121: 189 Hickory Tree Rd., Midway, NC 1/28/2016

#3756: 124 E. Columbia St., Okemah, OK 1/28/2016

#4633: 19250 E Hwy 66, Luther, OK 1/28/2016

#2456: 2310 West Main, Prague, OK 1/28/2016

#2462: 1600 West Hwy 66, Stroud, OK 1/28/2016

#3766: 2324 Seran Drive, Wewoka, OK 1/28/2016

#3767: 812 N Clarence Nash Blvd., Watonga, OK 1/28/2016

#1250: 9032 Hwy 14, Gray Court, SC 1/28/2016

#3798: 7013 S Pine St., Pacolet, SC 1/17/2016

#2375: 4718 Nashville Hwy, Chapel Hill, TN 1/28/2016

#2413: 523 N Military St., Loretto, TN 1/28/2016

#4301: 400 North Main St., Cornersville, TN 1/28/2016

#4306: 934 Hwy 79, Dover, TN 1/28/2016

#2345: 721 Dale Evans Drive, Italy, TX 1/28/2016

#2349: 221 S State Hwy 274, Kemp, TX 1/28/2016

#2363: 504 W Pine St., Edgewood, TX 1/28/2016

#2364: 301 Hwy 69 S, Whitewright, TX 1/28/2016

#2410: 122 Commercial Ave., Anson, TX 1/28/2016

#2461: 1003 Telephone Cir., Merkel, TX 1/28/2016

#2779: 5 N 14th St., Haskell, TX 1/28/2016

#2863: 1010 N Main St., Winters, TX 1/28/2016

#3820: 501 N Main, Godley, TX 1/28/2016

#3822: 416 N Third St., Grandview, TX 1/28/2016

#3832: 420 S US 69, Leonard, TX 1/28/2016

#3834: 428 N Dallas St., Palmer, TX 1/28/2016

#4312: 440 E Pine St., Frankston, TX 1/28/2016

#4316: 1787 US Hwy 259 S, Diana, TX 1/28/2016

#4320: 1005 Texas Avenue E, Waskom, TX 1/28/2016

#4327: 870 Taylor St., Hughes Springs, TX 1/28/2016

#4331: 914 North Main St., Lone Star, TX 1/28/2016

#4338: 504 WL Doc Dodson, Naples, TX 1/28/2016

#4343: 12522 Fm 1840, Dekalb, TX 1/28/2016

#4345: 114 Redwater Boulevard West, Maud, TX 1/28/2016

 

Walmart

#2524: 5502 Monterey Hwy, San Jose, CA 1/28/2016

#2949: 151 E 5th St., Long Beach, CA 1/28/2016

#5457: 8400 Edgewater Drive, Oakland, CA 1/17/2016

#2960: 4101 Crenshaw Blcd., Los Angeles, CA 1/17/2016

#3507: 2701 Port Covington Drive, Baltimore, MD 1/17/2016

#3496: 5825 W Hope Ave., Milwaukee, WI 1/28/2016

 

Supercenter

#3814 6525 Glacier Hwy, Juneau, AK 2/5/2016

#763: 7201 Aaron Aronov Drive, Fairfield, AL 1/28/2016

#4584: 10400 Highland Rd., Hartland, MI 1/28/2016

#4369: 1010 Martin Luther King Pkwy., Durham, NC 1/28/2016

#2837: 4350 N Nellis Blvd., Las Vegas, NV 1/17/2016

#4342: 22209 Rockside Rd., Bedford, OH 1/28/2016

#2606: 721 US Hwy 321 BYP S Unit, Winnsboro, SC 1/28/2016

#883: 14091 FM 490, Raymondville, TX 1/28/2016

#5493: 7480 Padre Island Hwy, Brownsville, TX 1/28/2016

#5478: 8201 N FM 620, Austin, TX 1/28/2016

#597: 7075 FM 1960 Rd W, Houston, TX 1/28/2016

#3811: 61 Plaza Drive, Kimball, WV 1/28/2016

 

Neighborhood Market

#5783: 117 Audubon Drive, Maumelle, AR 1/17/2016

#5642: 2408 Lincoln Ave., Altadena, CA 1/28/2016

#5688: 6820 Eastern Ave., Bell Gardens, CA 1/28/2016

#3086: 701 W Cesar E Chavez Ave., Los Angeles, CA 1/17/2016

#5690: 2045 E Highland Ave., San Bernardino, CA 1/28/2016

#4173 12120 Carson St., Hawaiian Gardens, CA 1/28/2016

#5002, 8196 West Bowles Ave., Littleton, CO 1/17/2016

#3021: 2253 S Monaco Pkwy., Denver, CO 1/28/2016

#2303: 333 N Main St., West Hartford, CT 1/28/2016

#5856: 601 N West St. STE 100, Wichita, KS 1/28/2016

#5860: 9831 E Harry St., Wichita, KS 1/28/2016

#5873: 4794 E 13th, Wichita, KS 1/28/2016

#3097: 8235 SW Apple Way, Portland, OR 1/17/2016

#5995: 17711 Jean Way, Lake Oswego, OR 1/28/2016

#3306 1220 Gallatin Ave., Nashville, TN 1/28/2016

#3171: 2218 Greenville Ave., Dallas (Greenville), TX 1/28/2016

#3451: 2740 Gessner Rd., Houston, TX 1/28/2016

#5985: 2201 West Southlake Blvd., Southlake, TX 1/28/2016

#4126: 1901 S. Texas Ave., Bryan, TX 1/28/2016

#5986: 4268 Legacy Drive, Frisco, TX 1/17/2016

#3030: 3850 N 124th St., Wauwatosa, WI 1/28/2016

#3031: N88W15559 Main St., Menomonee Falls, WI 1/28/2016

#5698: S14W22605 Coral Drive, Waukesha, WI 1/28/2016

 

Amigo

#2343: 7B Calle Munoz Rivera, Villalba, PR 1/28/2016

#2347: Bo Salto Arriba, Utuado, PR 1/28/2016

#2342: PR 14, Parque Industrial, Coamo, PR 1/28/2016

#3667: 1 Ave Monserrate STE 1, Carolina, PR 1/28/2016

#3684: Carr 180 KM 0 HM 2, Salinas, PR 1/28/2016

#3689: Centro Com Rio Grande State, Rio Grande, PR 1/28/2016

#3697: Carr 165 KM 4.7, Toa Alta, PR 1/28/2016

 

Sam’s Club

#4903: 941 Grinnell St., Fall River, MA 1/28/2016

#6648: 1110 Fall River Ave., Seekonk, MA 1/28/2016

#6665: 495 Summit Drive, Waterford, MI 1/28/2016

#6681: 25 Pace Blvd., Warwick, RI 1/28/2016

 
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Read more: http://www.dailymail.co.uk/news/article-3401174/Wal-Mart-shutter-269-stores-154-US.html#ixzz3xLHhmYoF 
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If Walmart is failing, good luck with that!

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Sad. I hate to see people lose their jobs.

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It's going to affect more than just those working at those stores.

It'll have a serious ripple affect.

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I believe the stores that are closing were all the original "test" stores. All are small compared to the large super centers built in the last 10 years.

I didn't see a single store from my state on the list, but Walmart came to our state late in the game.

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There are some Supercenters as well as Sam's Clubs closing, too.

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I don't see any in New York.



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lilyofcourse wrote:

It's going to affect more than just those working at those stores.

It'll have a serious ripple affect.

 I'm not so sure about that.  These stores are losing money so they would not have been staffed well, plus most were within 10 miles of another Walmart store so the jobs, or at least some, will go to the other stores.  And walmart will be opening more stores in more profitable areas, They are not shrinking their business, they are realigning it.



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I know what to do_sometimes wrote:
lilyofcourse wrote:

It's going to affect more than just those working at those stores.

It'll have a serious ripple affect.

 I'm not so sure about that.  These stores are losing money so they would not have been staffed well, plus most were within 10 miles of another Walmart store so the jobs, or at least some, will go to the other stores.  And walmart will be opening more stores in more profitable areas, They are not shrinking their business, they are realigning it.

 The towns where they are closing, the workers they did have will not be spending money there.

The truck drivers, warehouse workers, manufacturers. It may realign, but it will still have a ripple affect.



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lilyofcourse wrote:
I know what to do_sometimes wrote:
lilyofcourse wrote:

It's going to affect more than just those working at those stores.

It'll have a serious ripple affect.

 I'm not so sure about that.  These stores are losing money so they would not have been staffed well, plus most were within 10 miles of another Walmart store so the jobs, or at least some, will go to the other stores.  And walmart will be opening more stores in more profitable areas, They are not shrinking their business, they are realigning it.

 The towns where they are closing, the workers they did have will not be spending money there.

The truck drivers, warehouse workers, manufacturers. It may realign, but it will still have a ripple affect.

 I understand what you mean, Lily.  What I am saying is the stores being closed are under performing so there are not a lot of employees at those stores.  And most are near another larger Walmart so the positions, at least, some, will be transferred to those stores as will the employees so jobs are saved.  I just don't see a huge hit to unemployment.



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Oh and small stores do not have a warehouse, items are trucked in as needed for the sales floor.

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