Walmart closing 150+ stores

[space-time]

just saw this in the news. This creates several "food deserts" (no supermarket within 10 miles).

[PeterW]

and in other "news", Abe Vigoda isn't feeling well.

[deckeda]

Interesting. Apparently underpaying employees and putting the screws to suppliers' costs DOES have limits.

[mrlynn]

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

[Jack D.]

Yes, Virginia, There Is A Santa Claus.

[OWC Jamie]

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

[modelamac]

Do you think the exhibitionists special customers will relocate?

[Black]

PeterW wrote:
and in other "news", Abe Vigoda isn't feeling well.

This is the same list of stores that was anounced a while back? Or a new one?

[PeterW]

Same old, same old.

[Lizabeth]

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.