hard times a coming

[froggy]

Walmart To Shut 269 Stores In Chain's First Mass Closing; 16,000 Workers Affected

 

[the_human_being]

I'll bet it was some of the employees at these stores who were protesting for $15.00 per hour too.

 

[B. Kidd]

I'll bet it was some of the employees at these stores who were protesting for $15.00 per hour too.

That's part of it, even tho' Wal-Mart denies it. Also, many of the stores they're closing are the smaller Wal-Mart Grocer stores.

 

[pwjohn]

The Bentonville, Ark. big-box giant will abandon its Walmart Express format, focusing on existing Supercenters, its growing Neighborhood Market grocery chain and its e-commerce business, according to a statement.

Walmart said 16,000 employees will be affected by this decision, 10,000 of whom are in the U.S.

“More than 95 percent of the closed stores in the U.S. are within 10 miles on average of another Walmart, and the hope is that these associates will be placed in nearby locations,” said Walmart in its Friday news release.

 

[Tax Man]

They were experimental project for Walmart to gain market share.

 

[9aces]

An interesting development. I don't know if this is really anything to get too excited about just yet though.

 

[The Great Goose]

Shame we killed manufacturing and rely on a consumer economy. Shame.

 

[ABikerSailor]

Proof that it is possible to get too big and your business implodes. If there aren't enough customers to support several stores in the same area, why keep building more? Here in Amarillo, they built a Wal-Mart Express about a mile away from an existing Wal-Mart superstore.

 

[froggy]

Hey I made some good money from wal-mart expansion.

 

[HereWeGoAgain]

Proof that it is possible to get too big and your business implodes. If there aren't enough customers to support several stores in the same area, why keep building more? Here in Amarillo, they built a Wal-Mart Express about a mile away from an existing Wal-Mart superstore.

They were trying to get some of the grocery store customers.
One of the two shut down in Houston was strictly a grocery store ..of course it being in beanerville might have had something to do with it as well.

 

[JOSweetHeart]

My area got a new location less than a year ago. I hope that it isn't one that closes up because it is so much closer to my hose compared to our other location.

God bless you always!!!

Holly