[Vision2020] Walmart Is Closing 269 Stores Worldwide

[Kenneth Marcy]

http://www.counselheal.com/articles/20110/20160116/walmart-closing-269-stores-worldwide.htm 


Walmart Is Closing 269 Stores Worldwide

R. Siva Kumar
Update Date: Jan 16, 2016 06:08 PM EST

If you are a Walmart client, you might be surprised to learn that it may 
not be around when you need it most, as the company plans to shut down 
269 of its stores all over the world, including 154 spots in the U.S.

There will also be 60 stores in Brazil, 55 in Latin America, and seven 
in Puerto Rico that will be shut down.

The personnel affected will also be huge. More than 16,000 employees 
will get impacted, tens of thousands of which work in American stores, 
Fox News 
<http://www.foxnews.com/us/2016/01/15/walmart-to-close-154-stores-in-us-10000-workers-affected.html>  noted.

Even as sales have fallen, the global strategy is being reassessed. 
However, Walmart assures that those stores that are shutting down would 
be within 10 miles of another store.

Most of the departments shutting down in the U.S. were part of the 
"Walmart Express" pilot program, which was an unexpected failure, 
according to TIME 
<http://time.com/money/4182308/walmart-closing-269-stores-2016/>.

Other outlets that will be shutting doors include four Sam's Club 
stores, six discount centers, 23 Neighborhood Markets, and 12 Supercenters.

"It's important to remember that we'll open well more than 300 stores 
around the world next year. So we are committed to growing, but we are 
being disciplined about it," Doug McMillon, President and CEO of 
Walmart, said in a press release.

Here is a list of the 154 stores closing in the USA:


http://www.usatoday.com/story/money/business/2016/01/15/list-of-walmart-stores-closing/78852898/ 



No Idaho or Washington state stores appear on the list for January, 
2016, closings.


Ken

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