Walmart Neighborhood Market in the Town of Waukesha is one of
three closing in Waukesha and Milwaukee counties.
OF WAUKESHA - Wal-Mart Stores, Inc. announced Friday it will close
269 stores in the U.S. and internationally, including in Waukesha
and Milwaukee counties.
Neighborhood Market locations in the Town of Waukesha at S14-W22605
Coral Drive, Menomonee Falls at N88-W15559 Main St., and Wauwatosa,
3850 N. 124th St., will all be closed as part of the plan. A
Wal-Mart store at 5825 W. Hope Ave. in Milwaukee will also be
shuttered. All four stores will close their doors Jan. 28 and no
other Wisconsin Wal-Mart-owned companies were listed as closing
the planned closures, the company also intends to open more than 300
locations in the next fiscal year.
international company began a review of the nearly 11,600 stores it
has worldwide in 2015 and decided to close some of the
underperforming locations. According to the announcement, Wal-Mart
took into account a number of factors, including financial
performance as well as strategic alignment with long-term plans. The
affected stores, according to the announcement, represent less than
1 percent of both global square footage and revenue.
16,000 associates will be affected by the decision to close stores,
about 10,000 of them in the U.S., according to the company. More
than 95 percent of the closed stores in the U.S. are within 10 miles
on average of another Walmart.
majority of the affected Walmart stores are the Walmart Express
model, while a handful of regular Wal-Mart stores and about a dozen
Supercenters will be shuttered in several states, including Nevada,
Alaska and Texas.
said in total it will close 154 locations in the U.S., including the
company’s 102 smallest format stores, Walmart Express, which had
been in pilot since 2011. Instead, the company said it will focus on
strengthening its Supercenters, optimizing its Neighborhood Markets
and growing its e-commerce platform.
covered in the closures are 23 Neighborhood Markets, 12
Supercenters, seven stores in Puerto Rico, six discount centers, and
four Sam’s Clubs.
those Wal-Mart workers whose positions will be eliminated, the
company said Friday, it would like to place them in nearby
locations. When an employee can’t be moved to a different
location, he will be provided with 60 days of pay and, if
eligible, severance, as well as resume and interview skills
training, according to the announcement.
decision to close stores is difficult and we care about the
associates who will be impacted,” Doug McMillon, president and CEO
of Wal-Mart Stores, Inc., said in a statement. “We invested
considerable time assessing our stores and clubs and don’t take
this lightly. We are supporting those impacted with extra pay and
support, and we will take all appropriate steps to ensure they are
the majority of the affected stores are in Latin America. Wal-Mart
will close 115 stores outside the United States, including 60 that
have already been shut down in Brazil.
managing our portfolio of assets is essential to maintaining a
healthy business,” McMillon said in the statement. “Closing
stores is never an easy decision, but it is necessary to keep the
company strong and positioned for the future. It’s important to
remember that we’ll open well more than 300 stores around the
world next year. So we are committed to growing, but we are being
disciplined about it.”