Posted on 01/19/2016 10:27:02 AM PST by RetiredArmy
But on the bright side it makes the snail crawl "recovery" look a lot better.
The WalMart in my neighborhood that is closing is one of the grocery-store only ones (do they call them Neighborhood WalMart?).
It used to be a standard WalMart. They closed it when they opened a Giant WalMart across town. Then they tore down the original one and planted this grocery store one there.
We have wondered for the last two years how they have stayed in business. I love shopping there at times. There are only two or three customers in the store. Any time you drive by you can see never more than 10 cars in the lot.
Nobody around here is surprised this one is on the list.
Brawndo! It's got electrolytes!
We only just got a new Walmart near us; but they are going
to close it soon! Now, we have to drive to town. Boo!
Now there’s a leading indicator for ya.
Walmart Express stores were Walmart's answer to those on the left who said they were neglecting "urban" consumers.
They were small stores located in urban neighborhoods that competed with Dollar General type stores.
It is/was a failed experiment. A friend of mine who works in Walmart management said that "shrinkage" in those stores was off the chart.
It’s hard to have an objective discussion about Wal-Mart, isn’t it?
Bring up Wal-Mart...like a moth to a flame.
Probably the same. There was one in Liberty NC. There is a whole lot of nothing in Liberty.
It’s not only the Express stores they’re closing. Some are super centers. There are 4 closures in my city, and I know that 2 of them are Express stores, one is a supercenter...the one closest to me is the supercenter, and I’m not familiar with the 4th one as it’s in a suburb I don’t tend to visit.
There are several more within my state which are closing, but 4 in my city alone. That’s going to impact a LOT of jobs and really make it difficult for some to live here. Many big paying jobs are gone, too.
I see oil as an indicator. Oil is down because world demand is going to crater as the world’s restart the global recession.
Buy ammo.
One of the questions in the OP is, why are they closing so many strores?
I dunno but I’ve been watching their stock fall for a lot of years. The employee attitudes are horrible in many cases, and they’ve pretty much priced ME out of the market. I can do much better shopping elsewhere, and do.
One of the stores closing is just a few blocks from where I live, and it does a thriving business! There are a couple of strip malls in the same area which depended on the busy customer base coming and going from that store so I’m sure that this closing will greatly impact them as well. A new building JUST went up, and I don’t think they’ve even opened the doors to the new stores that have rented space there, yet. OUCH!
ANd nobody here is earning $15/hr at any of these walmarts. And even if they did, walmart needs to be selling MORE goods, not closing stores.
They must be in financial hawk that’s not gone public yet. They went down hill after ole Sam died.
WalMart, with the help ($ in back pockets) of local politicians, threatened to expand their established store to a superstore, thus pushing out a thriving local market a mile away.
Then they opened a neighborhood market in the location.
I like the small WMart, closer to home and not as much congestion at the pharmacy.
Hope it stays open.
The main store never became a superstore although it was approved by the same crooked politicians.
In the immortal words of Peter Sellers:
"Not any more"
I’m looking for the link to the closing stores . they opened a Walmart market near me.
I agree. WM has plenty of competition on the low end from Dollar General and similar stores.
Seriously?
Computer generated selling was blamed for the 1987 crash which is now almost 30 years in the past. This article loses a lot of credibility simply by virtue of trying to portray computer driven selling as something that just happened.
Stock Tip : Spectra Energy(SE) - hot mover paying a 6.4% dividend
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