Walmart Shuts Down 44 More Stores
Mass closures include several supercenters and a Sam's Club
Largest closure list since 2016
Walmart has announced the closure of 25 stores across 15 states and Washington, D.C. The closures are part of the company's ongoing effort to improve its financial performance. Walmart has been struggling with declining sales in recent years, and the closures are expected to help the company cut costs.
The closures include a mix of Walmart stores and Sam's Club locations. The largest number of closures is in Texas, with five stores closing. Other states with multiple closures include California, Florida, and Illinois.
This is the largest number of store closures Walmart has announced since 2016. At the time, the company closed 150 stores. The closures are expected to result in the loss of thousands of jobs.
Walmart typically closes a handful of stores each year. In 2022, the company closed 10 stores. However, the recent closures are the largest number in several years.
The closures come as Walmart is facing increasing competition from online retailers, such as Amazon. Walmart has been investing heavily in its e-commerce business in recent years, and the closures are expected to help the company focus on its online operations.
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