REOC San Antonio
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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Walmart to Close 154 Stores Nationwide

Walmart_Logo_BurstWal-Mart Stores, Inc. has announced plans to close 154 stores in the U.S. – 29 in Texas.  This decision was based on a portfolio review which analyzed factors such as financial performance and alignment with long-term plans.  The closures target mostly Walmart Express Stores, the company’s smallest format stores, allowing Walmart to concentrate on strengthening and expanding other areas of their business. Stores will close to the public on January 28 unless otherwise noted (for full list see link below). The San Antonio area will not be impacted.

Additionally, Walmart reported plans to open several new stores nationwide in the coming year including 50 to 60 Supercenters, 85 to 95 Neighborhood Markets, and 7 to 10 Sam’s club locations.

Click to read entire article: Walmart Continues Sharpened Focus on Portfolio Management (Walmart, 01-15-16)

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