Could your Walmart be next?
According to various officials, the store closures occurring this week and those set for May are all being attributed to the same cause: performance issues. Walmart notified the Town of Guilford that its location was being axed"mainly due to underperformance," officials wrote on Facebook. And various spokespersons confirmed to regional newspapers that the Mayfield Heights, Forest Park, Louisville, and Bellevue stores were also being shuttered due to poor financial performance.
"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," Little explained to theBut Walmart officials maintain that the company is not facing mass closures nationwide.Five separate store closures in the span of just one month might look like a red flag to customers, who worry that their local Walmart could be the next one on the chopping block.
At least one leader has called into question Walmart's reasoning behind the upcoming store closures, however. Mayfield Heights Mayortold cleveland.com that while he isn't sure what meets the retailer's definition of underperforming, his city's Walmart is located in what he views as a robust shopping plaza."It's a phenomenal location that's for sure," DiCicco told the news outlet, noting that the plaza has easy highway access and high traffic.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix may abandon its “no ads” policy in a push for cheaper subscription plansNetflix is considering an ad-supported plan in an effort to cut prices and sustain their subscription base.
Read more »
Seahawks 2022 regular season schedule to be released on May 12Every team is getting their schedules released at the same time but this is a Seahawks site and I need the headline to stand out for SEO reasons. Fans won’t have too wait too much longer for the...
Read more »
Inmates in Santa Clara County may wear “non-removable” electronic wristbandsThe sheriff’s department says the wristbands will increase efficiency in the jails, but a digital civil liberties expert said the technology could be a slippery slope
Read more »
Honda to slash production by 50% at domestic plant in early MayHonda Motor Co is planning to cut production by about 50% on two lines of one of its domestic factories in early May due to chip shortages and COVID-19 lockdowns, the company said on Thursday.
Read more »
Fauci fears judge's ruling on travel mask mandate may set 'dangerous precedent'The decision by a federal judge in Florida to block the Biden administration's mask requirement on planes and public transit was 'disturbing,' Dr. Anthony Fauci told CBS News on Thursday.
Read more »
Cookies are going away, but internet tracking may still be here to stayTech companies are making efforts to block third-party cookies from tracking you on the web. What does this mean for the future of privacy?
Read more »