Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature
BelGioioso - Burrata & Stracciatella
Walmart to Close 269 Stores; Shutting Down 'Express' Format

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


BENTONVILLE, AR
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.

Walmart


Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperatureBelGioioso - Burrata & Stracciatella

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.

The Spice Lab is Now USDA NOP Organic Certified

The USDA Organic seal assures consumers that products are 95% or more certified organic.
View Press Release

Valio Unveils On-Trend Food Innovations and Ingredients Solutions at SIAL Paris

The company plans to showcase its latest food innovations and tailor-made ingredients solutions at the upcoming show.
View Press Release

Charlotte-Based Hissho Sushi Makes N.C. Mid-Market Fast 40 List

This year marks 20 years since Hissho Sushi was founded in Charlotte, NC.
View Press Release

Anheuser-Busch Inbev & DS Smith Plastics Named 2018 Excellence in Reusable Packaging Award Winners

RPA announces two winners in the 2018 Excellence in Reusable Packaging award program.
View Press Release

It's Pumpkin Spice Season!

Litehouse debuts a fresh look for its line of deliciously indulgent caramel dips and a limited-edition flavor: Pumpkin Spice Caramel.
View Press Release

Time to Step Up Your Fall Menu Plan; Pereg Natural Foods Gets You Started

Suffering from pumpkin spice fatigue? Here are 14 savory reasons why you still need pumpkin spice in your life.
View Press Release

New Snack Bars Take the Tahini Craze to Healthy Delicious Heights

Absolutely Gluten Free introduces TahiniBAR, the energy bar made from sesame seeds, in three exciting flavors.
View Press Release

Apex to Represent Ice-O-Matic® in MAFSI Territory 16 & 19

Sales and sales support coverage by the global ice machine manufacturer now includes multiple states in the Midwestern U.S. with personnel in four major cities.
View Press Release

HNINA Receives Chocolatier's Award

International Chocolate Salon honors Vanessa (Hnina) Morgenstern-Kenan with The Chocolatier's Award.
View Press Release