Walmart Is Planning Even More Store Closures In April

Mar 23 2023 Walmart Is Planning Even More Store Closures In April Zacharyparkside

Supercenter Chain Walmart Closed Six Stores Nationwide Throughout February And The First Half Of March After Failing To Meet Financial Expectations.

The Company Also Disclosed To Nexstar Last Month That It Would Be Closing Only Two Of Its Stores In Portland. However The Grocery Chain'S List Of Closed Locations Will Get Even More Extensive When It Closes Two More Locations In Upcoming Month.

Walmart Has Confirmed That 1032 Fort Street Mall Location In Honolulu Hawaii And The 1200 Shingle Creek Crossing Location In Brooklyn Center Minn. Will Permanently Close Their Doors As Of April 21.

Many Factors Such As Historical And Current Financial Performance Go Into Closing Decisions But These Locations Could Have Performed Better Than Walmart Had Hoped.

Pharmacy Workers At The Closing Stores Also Work On April 21 To Help Move Prescriptions To Other Locations Before The Pharmacies Close.

Walmart Decided To Close The Minnesota And Hawaii Locations After The Company Forecasted Weaker Than Expected Same-Store Sales Growth For The Coming Year.

With Shoppers Still Cutting Back On Spending Last Month As Grocery Prices Continued To Rise The Company Considered This When Making Its Predictions For The Year.

Organic Grocery Chain Sprouts Announced Earlier This Month That It Plans To Close 11 Locations In The First Half Of The Year Because Those Stores Were Underperforming And More Significant Than Their Current Smaller Prototypes.