Walmart will most likely close at least 150 stores and Sam's club will close about 50 within the next 5 months. It all comes down to lack of increase in net profit and the newly hired employees lack of performance. They are trying to energize the employees yet customer satisfaction keeps sliding down and productivity being at an all time low. Walmart just cant survive the new workforce and online competition is taking away sales.
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Retail is in a transformation period. All this change people are complaining about is a company trying to figure out how to compete and evolve with the customers new ways of shopping. Brick and Mortar stores will change as well. We will see some low profit stores close to customers but transform into fulfillment centers or hubs that ship/deliver to home. Who knows what happens in the end but it’s definitely an interesting race.
I’ve read several post and comments from people complaining about bad managers that sit in the office and ignore problems. Well folks that’s partially because of the fast growth within the company , people get promoted because they are willing to learn not always because they are ready . Think about your own career with the company . When someone gave you a supervisor spot .. Were you ready , or just willing to try ?! These structure changes are going to flatten this back out and empower the people that do the work anyway. Less managers will help eliminate some of these problems that have been brought up on this site. It will allow the company to move faster and continue to compete with Amazon.
I see a lot of rural stores closing due to population decline and reductions in farming and manufacturing in small towns over the last 20 years. Metro stores in direct competition with each other may be a focus too.
Writting on the wall. Parts of the puzzle keep coming together. Family dollar and dollar general are closing in to. https://www.businessinsider.com/dollar-general-family-dollar-beat-walmart-low-income-shoppers-2019-10
Why does it look like Sam’s club in Gilbert AZ is going to close soon. A lot of empty spaces and Clarence Items and running out of stuff. My opinion if they do close the employees would be the last to know until it happens.
Nov 1 Greg Foran danced aside for John (closed sam stores) Furner. So the probability of walmart store closing just took a leap forward.
Thank you for all that insight. We in the stores call it cannabilization. 1 in 3 closing? Not in my region....51. Sales are up at least single digits at every store in my metro area-some double digits. My guess is 1 in 10 over the next 3 years which will still be a bad thing for us career folk.
I don't see Walmart losing a third of their stores unless Amazon tries and succeeds in opening their own stores. Which is of course the next step for Amazon.
the previous post says there is the probablity that that Amazon will over take Walmart as the biggest retailer in 2 years 2022. To do that Walmart will lose sales to Amazon. Store closings will be sooner than later. I agree 1/3 of the stores closing over 3 years.
Close 'em all!
MAKE MY DAY!!!!!
During the first decade of the 21st century, Walmart went ridiculously crazy and was throwing up new stores, I think on the average of three per week. Those were their peek years when it seemed they would never even slow down, let alone fail. Shoppers were flocking those stores, literally, all day long. And the company was getting into everything: They were doing used car sales, dabbles in real estate, they tried getting into banking (THAT failed miserably) .... at one point they were even selling coffins and cremation urns on line! Like ancient Rome, they were set on conquering the world.
And now all that gluttony has caught up with them. It's the classic cycle of greed. Make a few bucks, radically over spend to get more, and voila—end up with mountains of debt and having to sell off properties and assets at fire sale prices.
Walmart's not going out of business, but the model we've seen in our lives will be g r e a t l y different in the coming months and years. My prediction is their store numbers will be reduced by at least a third within the next three years.
The one on va beach Blvd been closed
Why are they closing?
2020 detailed information is still pending, do not think anyone has access to that - I am sharing information on Walmart stores that closed this year:
- AZ – 6085 West Chandler Blvd., Chandler, Arizona
- AZ – 3900 West Ina Road, Tucson, Arizona
- CA – 11729 Imperial Highway, Norwalk, CA
- IN – 1600 Saratoga Ave., San Jose, California
- KS – 8010 East 38th St., Indianapolis, Indiana
- LA – 712 North Western Ave., Liberal, Kansas
- LA – 1229 NE Evangeline Trwy., Lafayette, Louisiana
- MA – 1775 Washington Street, Hanover, MA
- MN – 1450 University Ave. W., Saint Paul, MN
- NH – 17 Colby Court, Bedford, New Hampshire
- PA – 53 West Germantown Pike, Norristown, PA
- SC – 3603 Broad River Road, Columbia, South Carolina
- TN – 1757 West Andrew Johnson Hwy., Morristown, Tennessee
- TN – 2501 University Commons Way, Knoxville, Tennessee
- TX – 13742 North Eldridge Parkway, Cypress, TX
- TX – 3155 West Wheatland Road, Dallas, Texas
- VA – 7000 Iron Bridge Road, North Chesterfield, Virginia
- VA – 1959 Neeley Road, Big Stone Gap, Virginia
- VA – 2864 Virginia Beach Blvd., Virginia Beach, Virginia
- WA – 7809 North-East Vancouver Plaza Dr., Vancouver, Washington
- Canada – 293 Bay Street, Sault Ste. Marie, Ontario
- Canada – 101 Boulevard Cardinal Leger, Pincourt, Quebec
I am sure there people who have more detailed information on the size of the stores closed, etc.