Is Walmart Closing Stores in 2024? Two Locations in California Affected
by Swetha P
Updated Jan 19, 2024
Is Walmart Closing Stores in 2024?
Yes, Walmart is continuing its trend of closing stores in 2024 as part of its strategy to address underperforming locations and optimize its overall business. In 2023, Walmart closed 24 stores across 14 states and Washington, D.C. The closures were primarily attributed to underperformance and theft issues, leading to significant financial losses for these stores. The company acknowledged the challenges faced by these locations despite substantial investments aimed at improving their performance.
As of now, Walmart has announced the closure of two stores in California in 2024: the Walmart Neighborhood Market on Imperial Avenue in San Diego and the Walmart at Fletcher Parkway in El Cajon. The closures are scheduled for February 9, 2024, and the decision was made due to an inability to reach leasing agreements with the property owners. Despite these closures, Walmart remains a significant retail presence with over 4,000 locations across the United States.
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Walmart's Store Closures in California
Walmart has recently announced the closure of two underperforming stores in California in 2024. The affected locations are the Walmart Neighborhood Market on Imperial Avenue in San Diego and the Walmart at Fletcher Parkway in El Cajon. The closures, scheduled for February 9, 2024, were prompted by Walmart's inability to reach leasing agreements with the property owners.
The company emphasizes that affected employees will have the opportunity to be relocated to other Walmart locations, mitigating the impact on the workforce. Walmart's decision to close these stores reflects its ongoing efforts to streamline operations and address challenges posed by underperformance, aligning with broader industry trends that saw numerous retail closures and bankruptcies in the previous year.
Is Walmart Closing Stores in 2024? - FAQs
Walmart closed 24 stores in 2023 across 14 states and Washington, D.C.
The closures were primarily due to underperformance and issues related to theft.
The Walmart Neighborhood Market on Imperial Avenue in San Diego and the Walmart at Fletcher Parkway in El Cajon.
The closures are scheduled for February 9, 2024.
Walmart still maintains over 4,000 locations across the United States.