Walmart: 154 U.S. Stores Closing by January 28th (+ Kmart Closing 27 Stores This Spring)
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If you’re a regular Walmart shopper, you may be interested in this news… Walmart announced today that they will be closing 269 stores globally and laying off more than 10,000 U.S. employees by the end of January. The closings will consist of 154 U.S. locations, including 102 Walmart Express stores, 23 Neighborhood Market stores, 12 Supercenters, 4 Sam’s Club locations, 6 discount stores, and 7 stores in Puerto Rico. Head on over here for details and to see if your local Walmart store will be closing.
If you’re a Kmart or Sears shopper, you may also be interested to know that more than two dozen Kmart stores and select Sears stores nationwide will be closing this Spring, with liquidation sales beginning later this month. These closures are an effort to reduce on-going expenses, adjust their asset base, and accelerate the transformation of their business model. Go here for more details.
What are your thoughts on this news?
(Thanks, Natoli, Lena & Lisa!)