Crescent City Walmart not one of 154 closing in US

The total impact may be small, but the closures will still affect 16,000 workers, including 10,000 in the U.S. Some stores will close at 7p.m. Sunday, Wal-Mart said, while others will continue to operate until 7 p.m. Jan 28. “Now I’m going to have to drive out to the big one”.

However, Walmart has also struggled to remain relevant in its other store formats, he added, despite recent improvements in same store sales growth in the US.

“It’s sad whenever anybody loses their jobs”, said Mike Thompson, a Raeford resident who had stopped by the store on Friday.

“Wal-Mart Express was a pilot, and we learned a lot from it”, she said. “There must have been more business there than the corporate office knows about”.

The company said it has plans to open between 50 to 60 “Supercenter” stores and 85 to 95 “Neighborhood Market” stores in the U.S.in the 2017 fiscal year. “Juneau just resulted on the list of closures”, said Garcia. The communities living nearby mainly visited this supermarket as there are no other available close to numerous South Baltimore neighbourhood.

The company reports it will focus on strengthening Supercenters, optimizing Neighborhood Markets, growing the e-commerce business and expanding Pickup services for customers.

Most of the stores being closed are smaller-footprint businesses, called Walmart Express stores, located in the south.

“Actively managing our portfolio of assets is essential to maintaining a healthy business”, McMillon said in a statement.

“Closing stores is never an easy decision, but it is necessary to keep the company strong and positioned for the future”, McMillon said in a release.

Where that is not possible, the company stated it will provide those associates with 60 days of pay and, if they are eligible, severance pay, as well as resume and interview skills training. “It is more important now than ever that we evaluate our portfolio”.

“We weren’t looking for this kind of news from Wal-Mart, so this tells us that the retail space is very competitive”, he said.

Wal-Mart’s earnings have been under pressure due to last year’s decision to raise entry-level wages as well as higher investments aimed at closing the gap online with Amazon.com Inc. He noted that this is the first mass closing that Wal-Mart has announced in at least two decades.