Walmart is probably best known for having locations almost everywhere and for offering almost every product you need at a low price. However, Walmart is currently planning to close some stores instead of opening them.
The company will begin its closures in the coming weeks with 7 stores that it considers to be underperforming, that is, they are branches that the company considers are not up to the sales it is looking for.
These stores that will close include three in Chicago and more in the states of New Mexico, Wisconsin, Arkansas and Florida.
“This decision was not made lightly and was made only after a thorough review process,” a Walmart spokesperson told AI.com.
“We have nearly 5,000 stores in the US, and unfortunately some are not meeting our financial expectations. While our underlying business is strong, these specific stores have not performed as well as we had hoped,” the spokesperson added.
Walmart will also close 3 technology centers as it tries to streamline e-commerce efforts after online sales growth slowed.
The company will ask the employees of these centers to move to other cities in order to keep them in their jobs.
The closures of these technology centers will affect staff working at locations in Austin, Texas; Carlsbad, Calif.; and Portland, Oregon.
This is all part of Walmart’s efforts to cut costs and keep prices low.
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