Walmart is closing 22 retail locations across the US this year, including four in Chicago, citing poor financial performance at each.
The Walmart logo is seen outside a Walmart store in Burbank, California on August 15, 2022,
In the latest move, Walmart confirmed Monday that it plans to close a store in Richmond, Virginia, on July 28.
“We are grateful to the customers who have given us the privilege of serving
them at our Brook Road Neighborhood Market location,”
Walmart spokesperson Felicia McCranie said in an emailed statement to Insider
In a significant restructuring move,
Walmart announced plans to close 22 retail locations across the United States this year, including four stores in Chicago.
The closures are a response to poor financial performance at each of the affected stores.
The retail giant confirmed the closure of a store in Richmond, Virginia, set for July 28, marking the first of several planned closings.
Felicia McCranie, a spokesperson for Walmart, expressed gratitude to the customers who have supported the store, stating,
“We are grateful to the customers who have given us the privilege of serving them at our Brook Road Neighborhood Market location.”
The closures are part of Walmart’s broader efforts to streamline operations and focus on more profitable areas.
While the company did not specify which other locations would be shuttered, the move is seen as a response to underperformance in key markets.
Walmart’s decision to close stores comes as part of a larger trend in the retail industry,
where companies are reevaluating their brick-and-mortar footprints to adjust to changing consumer habits, including the growing shift to online shopping.
For the communities affected, these closures could result in the loss of jobs and reduced convenience for shoppers,
particularly in neighborhoods where Walmart stores serve as essential retail hubs.
Walmart has assured customers that it will continue to serve them through its online and other nearby locations.
Despite these closures, the company maintains its commitment to expanding its e-commerce business and enhancing the shopping experience for customers across the country.
Stay tuned for more updates as Walmart continues to adjust its operations in response to the ever-evolving retail landscape.