Wal-Mart is claiming it is due to under preforming stores, lessening its real estate portfolio, and a few other ‘strange’ reasons.
While I’m no fan of Independent retailer stealing places like Wal-Mart (and other corporate owned-big box stores) their business should be booming. Others say delivery companies like ‘Instacart’, and ‘Shipt’, are giving them a run for their money. Only idiots would use either of these (they jack up the price on each and every store item) over Wal-Mart delivery, who only charges for the delivery.
On the one hand, I say that the closings could not happen to a nicer corporation (sarcasm). Yet, on the other hand, I want to know why – now? Especially during bank closing, and fluctuating stock markets. What does Wal-Mart know that we do not?
Is Your Wal-Mart Closing?
Wal-Mart is closing hundreds of stores across the globe, including 154 in the U.S. and Puerto Rico. See if your store is on the list.
(Sorry, since it is the WSJ, I can not post up the list)
More, not on the above lists:
Walmart store in downtown Honolulu closing in April
Walmart permanently closing Brooklyn Center (MN) store April 21
Portage Road (IN) Walmart shutting down in the spring
Northwest DC Walmart location closing March 31