Walmart Just Announced That It’s Closing Even More Locations Soon
March 7, 2023 by Marissa Matozzo
Walmart is widely recognized as an affordable and dependable department store chain, with thousands of locations nationwide. As Best Life writes, this doesn’t mean that it’s “immune to economic realities and maintaining its bottom line,” which sometimes means cutting back on the number of stores it operates.
The company recently announced that it will be closing even more locations as of March 24th, including two stores in Portland, Oregon. Here’s what we know:
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The two stores— located at Hayden Meadows and East Port Plaza— are expected to shutter to the public by March 24th, as a spokesperson for the company confirmed to Best Life via email. The pharmacy at each store “will also be closing,” the outlet notes, as with the “staff will be working with customers” to transfer their prescriptions to another location.
Walmart has yet to indicate a reason for these closures, and it has only revealed that it made the decision after an in-depth review process. A Walmart source, Best Life adds, said the retailer’s underlying business “remains strong, but that it uses several determining factors when pinpointing underperforming locations,” including historic and current viability.
Lauren Willis, global communications director for Walmart in the Western U.S., said in a statement, “We are grateful to the customers who have given us the privilege of serving them at our Hayden Meadows and Eastport Plaza locations. We look forward to serving them at our other stores in the surrounding communities and on Walmart.com.”
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As Footwear News reports, Walmart also recently announced that it would close locations in New Mexico, Illinois, Wisconsin and Florida that didn’t meet its financial expectations. “While our underlying business is strong, these specific stores haven’t performed as well as we hoped,” the company stated.
They added, “There is no single cause for why a store closes — our decision is based on several factors, including historic and current financial performance, and is in line with the threshold that guides our strategy to close underperforming locations.”
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