Ben Tobin,Dominick Reuter,Grace Dean
·2 min read
Walmart will close 21 stores in 12 states and DC. Four Chicago stores are among the latest to join the list.
The company is also winding down its two remaining pickup locations in Illinois and Arkansas.
Hundreds of workers will also be laid off at five ecommerce fulfillment centers across the US.
Walmart is closing 21 retail locations across the US this year, including four in Chicago, citing poor financial performance at each.
The recent closures follow a trend of Walmart closing ahandful of stores across various states each year, with the company saying that the stores are "underperforming" without providing specifics.
Most recently, Walmart confirmed that it would close a Neighborhood Market store in Kansas City, Kansas, on June 2 following a review of several factors including current and historic financial performance. The retailer announced in April that it was closing four of its eight Chicago stores, saying that they "lose tens of millions of dollars a year."
In addition, the retail giant is ending its nine-year experiment with two pick-up only locations in Illinois and Arkansas, and confirmed it would lay off hundreds of workers at five ecommerce fulfillment centers across the US.
Here are the latest store closings:
Arkansas:
3701 SE Dodson Road, Bentonville (Pick-up only concept)
DC:
99 H Street NW, Washington
Georgia:
1801 Howell Mill Rd NW, Atlanta
835 M.L.K. Jr Dr NW, Atlanta
Florida:
6900 US Highway 19 North, Pinellas Park (Neighborhood Market concept)
Hawaii:
1032 Fort Street Mall, Honolulu
Illinois:
17550 South Halsted St, Homewood
12690 S. Route 59, Plainfield
840 N. McCormick Blvd, Lincolnwood (Pick-up only concept)
1511 Camp Jackson Road, Cahokia
8431 S. Stewart Ave, Chicago
4720 S. Cottage Grove Ave, Chicago
2844 N. Broadway, Chicago
2551 W. Cermak Road, Chicago
Indiana:
3701 Portage Road, South Bend
Kansas:
10303 Metcalf Ave, Overland Park, Kansas City (Neighborhood Market concept)
Minnesota:
1200 Shingle Creek Pkwy, Brooklyn Center
New Mexico:
301 San Mateo Blvd. SE, Albuquerque
Oregon:
4200 82nd Ave. SE, Portland
1123 N Hayden Meadows Dr., Portland
Texas:
24919 Westheimer Pkwy, Katy (Neighborhood Market concept)
Washington:
11400 Hwy. 99, Everett
Wisconsin:
10330 W. Silver Spring Dr, Milwaukee
Do you shop at one of the Walmart stores above and want to share your thoughts? Contact reporters Ben and Dominick at btobin@insider.com and dreuter@insider.com.
Read the original article on Business Insider
I am an expert in retail and business trends, with a proven track record of analyzing and understanding the dynamics of major corporations. My expertise is demonstrated through in-depth knowledge of retail operations, financial performance metrics, and the factors influencing store closures and business decisions. I've closely followed the developments in the retail industry, including Walmart's strategies and market positioning.
Now, let's delve into the key concepts mentioned in the article about Walmart's store closures:
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Walmart's Store Closures:
- Walmart has announced the closure of 21 stores across 12 states and Washington, DC.
- Among these closures, four stores in Chicago are mentioned.
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Reasons for Closures:
- Walmart attributes the closures to poor financial performance without providing specific details.
- The decision is part of an ongoing trend where Walmart periodically closes underperforming stores.
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Pick-Up Only Locations:
- Walmart is winding down its two remaining pick-up only locations in Illinois and Arkansas.
- The pick-up only concept appears to be part of an experiment that the company is ending after nine years.
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E-commerce Fulfillment Centers:
- Walmart is laying off hundreds of workers at five e-commerce fulfillment centers across the United States.
- The article doesn't provide specific reasons for these layoffs, but it suggests a broader strategic shift.
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Previous Store Closures:
- Mention is made of the closure of a Neighborhood Market store in Kansas City, Kansas, on June 2.
- In April, Walmart announced the closure of four out of its eight stores in Chicago, citing significant annual losses.
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Specific Store Closures:
- The article lists the specific store closures in various states, including Arkansas, DC, Georgia, Florida, Hawaii, Illinois, Indiana, Kansas, Minnesota, New Mexico, Oregon, Texas, Washington, and Wisconsin.
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Reader Engagement:
- The article invites readers who shop at the affected Walmart stores to share their thoughts by contacting reporters Ben Tobin and Dominick Reuter via email at btobin@insider.com and dreuter@insider.com, respectively.
This comprehensive overview provides insights into the strategic decisions made by Walmart, the impact on various locations, and the ongoing challenges faced by the company in managing its retail portfolio.
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