Walmart will shutter two ecommerce-only stores and five full-service locations following a thorough review process that determined the stores did not meet the retail giant’s financial expectations, according to information shared with Retail TouchPoints by a Walmart spokesperson. The decision was made based on multiple factors, including historic and current financial performance, and is line with the company’s strategy of closing underperforming locations.
The pickup and delivery-only locations were in Bentonville, Ark. and Lincolnwood, Ill. and will close their doors to the public on Feb. 17, 2023. The spokesperson noted that Walmart has taken lessons learned from the operations of these locations and applied them to pickup and delivery operations to its stores nationally.
The full-service stores set to close are located in Illinois, New Mexico, Florida and Wisconsin, and will cease operations by March 10, 2023. All associates at the affected stores will have the opportunity to transfer to nearby locations to continue working at the company.
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