Killeen: New Walmart Neighborhood Market opens

WMT 0.76% watchers probably know by now that the retailer is shutting down 269 stores globally this month, including all 102 of its Wal-Mart Express stores. Finally, Stephens lowered Wal-Mart Stores from an “overweight” rating to an “equal weight” rating and set a $58.00 price objective on the stock.in a research note on Thursday, October 15th. Stores slated to shut down Thursday, Jan. 28, 2016, will leave residents in parts of Fairfield, Ala.; Coal Hill, Ark.; and Wichita, Kan., without a supermarket.

In other Wal-Mart Stores news, Director Timothy Patrick Flynn purchased 10,000 shares of the stock in a transaction on Wednesday, December 2nd. But those aren’t as impoverished. It’s important to remember that we’ll open well more than 300 stores around the world next year.

The company hoped its price advantage would benefit the smaller-footprint stores, and that it would complement trips to Supercenters. Major Brokerage house, Barclays maintains its ratings on Wal-Mart Stores, Inc.

With Walmart gone, stores that have remained vacant, such as a former Food Lion and a Goody’s, may now find tenants. The manager told employees the store ” wasn’t making any money”, she said. The company is quietly adding CityTarget and smaller-format Target Express locations, as it says its CityTarget stores have been among its most successful. “So last week we get the news, my heart just broke. It’s not about the people”. A Mack Trucks factory that employed around 1,000 closed in 2002, leaving Wal-Mart as one of the largest employers in town with 160 workers. Once it closes, residents will have to drive 15 miles to the nearest supermarket and pharmacy, said Coal Hill Mayor Ronnie Garner.

Renee Ireland Smith, who ran Town’n Country, said the store immediately saw sales fall by 30 per cent once Wal-Mart opened in May 2014.

In addition to the two neighborhood stores, Wal-Mart also has six supercenters in the greater Killeen-Fort Hood area.