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+--- Thread: Walmart closing 150+ stores (/showthread.php?tid=187506)
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Walmart closing 150+ stores - space-time - 01-28-2016
just saw this in the news. This creates several "food deserts" (no supermarket within 10 miles).
Re: Walmart closing 150+ stores - PeterW - 01-28-2016
and in other "news", Abe Vigoda isn't feeling well.
Re: Walmart closing 150+ stores - deckeda - 01-28-2016
Interesting. Apparently underpaying employees and putting the screws to suppliers' costs DOES have limits.
Re: Walmart closing 150+ stores - mrlynn - 01-28-2016
deckeda wrote:
Interesting. Apparently underpaying employees and putting the screws to suppliers' costs DOES have limits.
Despite the success of Walmart, retail is a chancy business. In this area alone the road is littered with the corpses of (what used to be called) 'one-floor department stores': Zayres, Kings, Ames, Bradlees, and others I've doubtless forgotten. Not to mention supermarkets: A&P, Purity Supreme, Star Market, etc., etc.
These are perilous economic times. I've read that Target is closing stores, too, and Sears is hanging on by a thread.
/Mr Lynn
Re: Walmart closing 150+ stores - Jack D. - 01-28-2016
Yes, Virginia, There Is A Santa Claus.
Re: Walmart closing 150+ stores - OWC Jamie - 01-28-2016
102 are Walmart Express stores and opening 85-90 Neighborhood Market stores
they are closing 12 supercenters and opening 50 - 60 new ones
the supercenters are stores built too close together and are essentially competeing with each other
they are closing 12 supercenters and opening 50 - 60 new ones
they are closing a Sam's here but it is built right next door to a Supercenter and has never done well.
globally they are closing 270 stores and opening 405
not exactly bad news
and the stock is one of the few that has rallied 4 or 5 % since the first of the year
Re: Walmart closing 150+ stores - modelamac - 01-28-2016
Do you think the
Re: Walmart closing 150+ stores - Black - 01-28-2016
PeterW wrote:This is the same list of stores that was anounced a while back? Or a new one?
and in other "news", Abe Vigoda isn't feeling well.
Re: Walmart closing 150+ stores - PeterW - 01-28-2016
Same old, same old.
Re: Walmart closing 150+ stores - Lizabeth - 01-28-2016
space-time wrote:
just saw this in the news. This creates several "food deserts" (no supermarket within 10 miles).
Maybe the Aldi grocery store chain will consider this an opportunity to expand.