New: Mariner Organic Little Dippers® Club House & Thin Wheat. Made Simple. Made Right.
Lactose-Free Bries
Walmart to Close 269 Stores; Shutting Down 'Express' Format

Walmart to Close 269 Stores; Shutting Down 'Express' Format

Monday, January 18th, 2016

Walmart is closing 269 of its locations, including all 102 of its small format Walmart Express stores, to re-focus its attention on strengthening its Supercenters and Neighborhood Markets, as well as its e-commerce business and Pickup services.

“We said in October at our analyst meeting that it’s more important now than ever to review our portfolio and close the stores and clubs that should be closed,” Walmart President and CEO Doug McMillon said in a statement. “Ultimately, this is in the best interest of our company and reflects the priorities of our growth plan. That plan is focused on winning with stores, deepening our digital relationships with customers, and enhancing critical capabilities through technology and data, a next generation supply chain, and talent.”

Doug McMillon, President and CEO, Wal-Mart

These store closures come both domestically here in the United States, as well as in international markets. In addition to the 102 Walmart Express stores being shuttered, the retailer is shutting down 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers, and four Sam’s Clubs, according to a press release. Internationally, the company is closing 115 stores, including 60 in Brazil and 55 in “Latin American markets.”

For a complete list of closing stores, click here.

“We are continuing to grow, and we’re making smart choices in managing our portfolio,” McMillon continued. “Even with today’s actions, Walmart will continue to invest in its future, with plans to open more than 300 new stores worldwide over the coming year – in the U.S. Walmart intends to open 50 to 60 Supercenters, 85 to 95 Neighborhood Markets, and seven to 10 Sam’s Clubs. We will also open 200 to 240 stores internationally.”

Walmart Express

Approximately 16,000 employees will be affected by this decision. Of those associates, 10,000 of them are in the United States. They will either be laid off with 60 days of pay or relocated to other nearby stores.

Walmart outline the financial impact of these closures as approximately $0.20 to $0.22 of diluted earnings per share from continuing operations, with approximately $0.19 to $0.20 expected to impact the fourth quarter of fiscal 2016. The remainder of the impact will fall into the first half of fiscal 2017.

With more retailers trending towards smaller format stores, such as Target with its TargetExpress and Target City, as well as Kroger, Raley’s, Ahold, and H-E-B, will this move be a benefit for the retail giant? DeliMarket News will continue to follow the story as it is uncovered.


New: Mariner Organic Little Dippers® Club House & Thin Wheat. Made Simple. Made Right. Lactose-Free Bries

Have a new product, press release or story idea?

Let us know

In This Story

We’re proud to serve customers in more than 25 countries worldwide and are committed to helping people save money so they can live a better life.

Marin French Cheese Introduces Petite Mustard Brie

The cheesemaker's latest line extension embraces a piquant flavor trend.
View Press Release

Specialty Food Association Winter Fancy Food Show Features Innovation and Disruption

The fastest-growing segment of the food industry, specialty food, is gathering in San Francisco, California, for another great show.
View Press Release

Ithaca Cold-Crafted Closes $2.7 Million In New Growth Capital From LiDestri Food and Drink

The brand is currently available at more than 3,000 retail doors across the U.S., including Wegmans, Publix, Stop & Shop, Shoprite, and The Fresh Market.
View Press Release

Califia Farms Further Diversifies Plant-Based Offerings With Launch Of New Oatmilk Line

The plant-based beverage company deepens its commitment to craft and plant-based nutrition.
View Press Release

Dewey's Bakery Expands Product Portfolio

The company introduces its new Tiki Bar collection, which brings the excitement of the seasons to the cookie aisle.
View Press Release

Brand Spankin’ New: Cypress Grove Launches Fresh Goat Cheese Cups and “Cheeseboards for Dinner” Campaign

The Humboldt County-based cheese producer making award-winning and world-renowned cheeses since 1983, will be showcasing a new addition to its fresh goat cheese line at this year’s Winter Fancy Food Show.
View Press Release