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Jun 15, 2024. Over the past few years, retail giant Walmart has been actively closing locations that it deemed "underperforming." In 2022, the big-box retailer shuttered a handful of stores nationwide, but in 2023, closures were more widespread, with Walmart shuttering almost two dozen locations.
Walmart has closed a handful of locations already this year, and the latest closure was just announced for next month.
Walmart has announced closures for 11 locations across six states in 2024 so far. The company cited financial underperformance as the reason for the decisions.
Walmart is set to close down three more stores later this month, bringing the total number of store closings in 2024 to eight.
Over the past few years, retail giant Walmart has been actively closing locations that it deemed "underperforming." In 2022, the big-box retailer shuttered a handful of stores nationwide, but in 2023, closures were more widespread, with Walmart shuttering almost two dozen locations.
Here’s my running list of store closures: Walmart Stores Closing in 2024: CALIFORNIA: 2121 Imperial Ave., San Diego, CA (closing on February 9, 2024) – According to a Walmart spokesman, they were unable to renew a lease with the property owner.
After closing all 51 Health Care Centers and virtual care offerings last month, Walmart has indicated it plans to downsize with more cuts across four states this year, with eight stores...
The retail superstore is planning to shut down more locations following the closure of 24 stores in 2023.
From Portland, Oregon to Washington, D.C., cities across the country ended up permanently losing Walmart locations in 2023. According to the retailer's latest stats, there are 4,616 Walmart stores in the U.S. as of Oct. 31, 2023.
Closing underperforming stores and selling off at least 79 small-format locations are good preparation for Walmart's big expansion plans.