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Walmart Closing 269 Stores

Walmart Closing 269 Stores

The closings include…
102 company small format stores
23 Neighborhood Markets
12 Supercenters
7 stores in Puerto Rico
6 discount centers
4 Sam’s Clubs

Shopping Center Business Article

Bentonville-based Wal-mart Stores Inc. is set to close 269 stores in the U.S. and globally.

In October 2015, the company said an active review of the portfolio was underway to ensure assets were aligned with strategy. In total, the impacted stores represent less than 1 percent of both global square footage and revenue.

“Actively managing our portfolio of assets is essential to maintaining a healthy business,” says Doug McMillon, president and CEO of Walmart. “Closing stores is never an easy decision, but it is necessary to keep the company strong and positioned for the future.”

The company will close 154 locations in the U.S., including 102 of the company’s smallest format stores, Walmart Express. Walmart intends to focus on strengthening the company’s Supercenters, optimizing Neighborhood Markets, growing e-commerce and expanding pickup services for customers. Also included in the closures are 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers and four Sam’s Clubs.