Walmart is closing over 10 stores across 8 states and Washington DC because the stores failed to meet financial expectations.
What is Happening?
USA Today reports, "Ten stores in Florida, Hawaii, Illinois, Minnesota, New Mexico, Oregon, Washington D.C., and Wisconsin will close by the end of the year, along with two experimental “pickup” locations in Illinois and Arkansas. Employees at shuttered locations are eligible to transfer to other stores, Walmart said."
According to a recent news article by Business Insider, "The recent closures follow a trend of Walmart closing a handful of stores across various states each year, with the company saying that the stores are "underperforming" without providing specifics. In addition, the retail giant is ending its nine- year experiment with to pick-up only locations in Illinois and Arkansas."
Which Stores are closing?
According to USA Today, the following locations are shuttering:
Arkansas
- 33701 SE Dodson Road, Bentonville (Pickup location)
Florida
- 6900 US Highway 19 North, Pinellas Park (Neighborhood Market concept)
Hawaii
- 1032 Fort St. Mall, Honolulu
Illinois
- 17550 South Halsted St, Homewood
- 12690 S. Route 59, Plainfield
- 840 N. McCormick Blvd, Lincolnwood (Pickup location)
Minnesota
- 1200 Shingle Creek Crossing, Brooklyn Center
New Mexico
- 301 San Mateo Blvd. SE, Albuquerque
Oregon
- 4200 82nd Ave. SE, Portland
- 1123 N Hayden Meadows Dr., Portland
Washington, D.C.
- 99 H Street NW
What are your thoughts?
What do you think about this recent spate of store closures? Do any of these store closure affect you or your loved ones? I'd like to know your thoughts.
Please let me know what you think in the comments below.
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