Wal-Mart Closing 269 Stores Globally; 154 in the U.S.
In a press release today, Wal-Mart stated that a list of the affected U.S. stores will be available at about 11AM CST.
** Update ** The list of stores has been published. **
CA stores affected:
|Wal-Mart||Date closed to public|
|#2524: 5502 Monterey Hwy, San Jose, CA||01/28/16|
|#2949: 151 E 5th St., Long Beach, CA||01/28/16|
|#5457: 8400 Edgewater Drive, Oakland, CA||01/17/16|
|#2960: 4101 Crenshaw Blcd., Los Angeles, CA||01/17/16|
|Neighborhood Market||Date closed to public|
|#5642: 2408 Lincoln Ave., Altadena, CA||01/28/16|
|#5688: 6820 Eastern Ave., Bell Gardens, CA||01/28/16|
|#3086: 701 W Cesar E Chavez Ave., Los Angeles, CA||01/17/16|
|#5690: 2045 E Highland Ave., San Bernardino, CA||01/28/16|
|#4173 12120 Carson St., Hawaiian Gardens, CA||01/28/16|
From the press release:
As part of today’s action, the company will close 154 locations in the U.S., including the company’s 102 smallest format stores, Walmart Express, which had been in pilot since 2011. Walmart instead will focus on strengthening Supercenters, optimizing Neighborhood Markets, growing the e-commerce business and expanding Pickup services for customers. Also covered in the closures are 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers, and four Sam’s Clubs.
Internationally, the company is following a disciplined strategy of actively managing its portfolio. Consistent with this strategy, the company is closing 115 stores outside the United States.
In total, approximately 16,000 associates will be impacted by the decision, about 10,000 of them in the U.S. More than 95 percent of the closed stores in the U.S. are within 10 miles on average of another Walmart, and the hope is that these associates will be placed in nearby locations. Where that isn’t possible, the company will provide 60 days of pay and, if eligible, severance, as well as resume and interview skills training. Whether with Walmart or elsewhere, the company’s objective is to help all associates find their next job opportunity.
A list of U.S. stores that are closing will be available today on the company’s website at approximately 11 a.m. CST.