Wal-Mart to close 269 Stores
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NEW YORK (AP) -- Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market.
about 16,000 people will lose there employment...
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Wow, that is a lot of closures. Of course, I wonder how many they are opening in the same time period. When you are the size of Walmart and open stores at an insane pace, closing 269 of them might result in little more than background noise. I know where my family is in Houston we were watching them go up two weeks ago. And back home in NY we had one open across the street from an old one and the old one was "closed" so that they could move to the new one at triple the size.
Closing 269 stores is not the same as "shrinking by" 269 stores.
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In the US, 102 of the stores are convenient store style stores, not normal sized Walmarts
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@Dashrender said:
In the US, 102 of the stores are convenient store style stores, not normal sized Walmarts
All the closings in the US are within 10 miles of another one. and it said they are all the smaller non SUper Walmarts style ones. aka older.
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@JaredBusch said:
@Dashrender said:
In the US, 102 of the stores are convenient store style stores, not normal sized Walmarts
All the closings in the US are within 10 miles of another one. and it said they are all the smaller non SUper Walmarts style ones. aka older.
It was really more than that, not non super walmarts, they are closing down their experiment against Family Dollar like stores (the article specifically called them convenience stores). There were a handful of other versions as well, I'm guessing some that weren't making money.
