A Walmart store in Chicago, Ill., on Nov. 20, 2018. (Reuters/Kamil Krzaczynski

Retail giant Walmart is set to shutter multiple stores across three states after they failed to perform as well as expected, a company spokesperson has confirmed.

A Walmart in southeast Albuquerque, New Mexico, is closing down in March after underperforming, as is the South Halsted Street, Homewood store in Illinois.

One store located at West Silver Spring Drive in Milwaukee, Wisconsin, is also shuttering next month, a Walmart spokesperson told The Epoch Times in an emailed statement. Another is shuttering at Route 59, Plainfield, Illinois, in March.

The spokesperson said the decision was “not made lightly and was reached only after a thorough review process.”

Walmart has 5,000 stores across the United States.

The spokesperson added that some of the stores do not meet Walmart’s financial expectations and that while “our underlying business is strong,” the closing stores did not perform as well as the retailer had hoped.

“There is no single cause for why a store closes—our decision is based on several factors, including historical and current financial performance, and is in line with the threshold that guides our strategy to close underperforming locations,” the spokesperson said.

A third Walmart Pickup at McCormick Blvd. in Lincolnwood, Illinois, will close to the public by Feb. 17, according to Walmart.

“As this is a pickup and delivery-only location, we have taken what we learned from this location and made it part of how we operate pick-up and delivery from our surrounding stores, where we look forward to serving our customers,” the spokesperson said.

Read More

Leave a ReplyCancel reply