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Walmart said the store is closing because of declining financial performance but the coronavirus pandemic is not responsible.
Countdown to daylight savings time 2018. Walmart said it will close all of its stores on thanksgiving day a big pivot from its usual practice of kicking off black friday doorbuster sales during the storied us holiday. The stores include walmart supercenters and neighborhood market stores in arizona california indiana. See if your store is on the list.
Walmart is not immune from the store closures that are happening with many retailers over the last year as it quietly closed or is closing at least 15 stores located in the us. Wal mart is closing hundreds of stores across the globe including 154 in the us. For a long time walmart seemed like the unstoppable juggernaut of the retail world but things havent been looking so great for the retail giant.
It will be interesting to see what happens in the communities where a walmart will be closing. Walmart just announced that they will soon be closing 154 locations in 26 states throughout the us affecting close to 10000 employees. Walmart is closing or has already closed at least 22 stores across 14 us states and canada.
Cnbc says as many as 10000 employees in the us alone already have or will be affected by the shutdowns. Rather than opening new stores walmart plans on overhauling or closing stores that were already open. Theyre hoping its money well spent because even a company that has expenditures of 11 billion a year only has so much money to go.
The states hit the hardest include texas 29 north carolina 17 and arkansas 11.
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