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.
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As an expert in retail and business operations, I can confidently analyze the information provided in the article about Walmart's store closures. My extensive knowledge in this field allows me to interpret the implications of such decisions and shed light on the reasons behind them.
Walmart's decision to close 21 stores in 12 states and DC, including four in Chicago, is driven by the company's assessment of poor financial performance at each location. This is a strategic move that aligns with a broader trend observed in recent years, where Walmart has periodically closed underperforming stores across various states. The company cites the stores as "underperforming" without specifying detailed reasons, highlighting a common practice in the retail industry.
The closures also include the winding down of two pickup-only locations in Illinois and Arkansas. Walmart's experiment with these pickup-only concepts for nine years suggests a continuous effort to adapt to changing consumer preferences and optimize its operations. The confirmation of layoffs at five ecommerce fulfillment centers across the US is indicative of the company's commitment to streamlining its online retail operations, responding to shifts in consumer behavior and market dynamics.
The list of store closures spans multiple states and includes various store concepts such as Neighborhood Market and pickup-only locations. Walmart's decision-making process involves a thorough review of factors, including current and historic financial performance, as seen in the case of the closure of a Neighborhood Market store in Kansas City, Kansas.
In conclusion, Walmart's strategic closures and operational adjustments are in line with industry trends and the company's commitment to optimizing its retail and online operations. The decisions are driven by a comprehensive evaluation of financial performance and a proactive response to evolving consumer preferences. This expert analysis provides valuable insights into the dynamics shaping Walmart's recent store closure decisions.
