Wal-Mart to close Frisco neighborhood market store

The move was made after Walmart CEO Douglas McMillon reviewed the company’s 11,600 stores worldwide, analyzing their financial performance and how they fit within the company’s broader plans.

The discounter is ending its experiment with small format Walmart Express stores, which the retailer had launched to compete with dollar stores and which account for 102 of the 154 closures in the U.S. Wal-Mart had been testing the format since 2011.

While a person identified as a manager at the Gray Court location directed all questions to Wal-Mart corporate communications, they said in a phone call that employees were still being notified of the impending closure as of Friday afternoon. Wal-Mart operates campus locations, ranging from 3,000 to 5,000 square feet, at the University of Arkansas at Fayetteville, University of Missouri, Georgia Tech, Arizona State and Virginia Commonwealth.

Walmart said it would disclose more information about these stores “after completing local associate and community outreach”. Our experience over the last three years operating our current stores in DC has given us a fuller view on building and operating stores in the District. It’s important to remember that we’ll open well more than 300 stores around the world next year.

Among store closings in Northern California are locations in Oakland and San Jose. He added that closing stores was never easy, but it is a necessary thing to do in order to maintain the company positioned for its future.

Why is Wal-Mart shuttering the locations after two decades of massive growth?

The company owns most of the locations but also leases a few of them.

Gilley said the city has already reached out to a number of grocery store chains about the possibility of continuing operations as soon as possible. There are 4,500 Wal-Mart stores in the U.S. Its global workforce is 2.2 million, 1.4 million in the U.S. alone. The stores sell essentials like toothpaste. Apart from the closure of 115 stores in American Markets the supermarket is also planning to shut down some supercenters in Sam’s club area and nearby markets.

In announcing the closings, the company stated that 95 the stores being closed are within 10 miles of another Walmart.