The company will close 154 locations in the United States, including 102 smallest format stores, Walmart Express and instead will focus on strengthening Supercenters, optimizing Neighborhood Markets, growing the e-commerce business and expanding Pickup services for customers.
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Highland Avenue, is one of 154 American stores that Wal-Mart announced today it would close. WalMart will close another 115 stores internationally.
But she says that employee lives in town and needs to work nearby.
The other 52 U.S. stores are a mixture of Supercentre, Wal-Mart’s largest format; discount stores; a grocery format called Neighbourhood Market; and outlets in the company’s Sam’s Club bulk-selling wholesale chain. Wal-Mart has almost 11,600 stores worldwide.
The US closures also include seven stores in Puerto Rico (affecting 400 workers), where the retailer – the island’s largest with 55 establishments and 15,000 employees – sued the local government last month over a sharp rise in a tax on goods flowing from the group’s distribution centers in the mainland United States to its subsidiary in the US commonwealth.
Buie was just visiting Diana but was shocked about Walmart Express closing.
More than 95 percent of the closed US stores are within 10 miles of another Wal-Mart, Doug McMillon, president and CEO, Wal-Mart Stores, Inc., said in the news release. “But it is necessary to keep the company strong and positioned for the future”.
A total of 269 worldwide Wal-Marts will be closed, which represents less than 1 percent of both global square footage and revenue, according to McMillon. Wal-Mart, which operated 558 stores in Brazil before the closures, has struggled as the economy there has soured.
A year ago, city leaders in Ashburn hailed the opening of a Walmart Neighborhood Market as great news for the city’s economy.
Wal-Mart, however, is not shrinking.
“Domestically, Walmart intends to open 50 to 60 Supercenters and 85 to 95 Neighborhood Markets in Fiscal 2017, which begins February 1”, the statement said.
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Where that is not possible, the company stated it will provide those associates with 60 days of pay and, if they are eligible, severance pay, as well as resume and interview skills training.
