WALMART fans could lose another local business in the coming days and weeks after the company waived warning signs.
The major retailer has already permanently closed a location in Atlanta, Georgia after a fire broke out in two stores in late December 2022.
While both stores struggled with “economic headwinds,” Walmart determined it wasn’t worth reopening the Howell Mill Road location “due to location restrictions.”
UPCOMING BUSINESS CLOSURES
But more store closures are underway for the company — for various reasons, according to multiple media reports.
In fact, there will be two next week on Friday February 17th.
One of them applies to an exclusive cash and carry store in Chicago, Illinois located at 6840 North McCormick Boulevard.
Also, the formwork is a pickup and delivery location in Bentonville, Arkansas next Friday, reports local Fox affiliate KNWA.
This store is located on Dodson Road.
Two more Walmarts in Chicago will then close on Friday, March 10th.
These include the Homewood and Plainfield locations.
The store closures come after Walmart CEO Doug McMillon warned shoppers.
“Theft is a problem. It’s higher than it has been in the past,” McMillon told CNBC in December.
If this issue isn’t addressed, “prices will go up and/or stores will close,” McMillon warned.
The US Sun reached out to Walmart to confirm the closures and see if there will be more closures in the near future.
Local shoppers, in particular, are criticizing Walmart’s decision to close its Homewood location.
The company claims it is shutting down due to poor financial performance.
Fox 32 Chicago spoke to some customers who shop there.
“This is a huge win for the community because honestly, Walmart has great prices,” said a local shopper.
“I can’t believe a Walmart is closing.”
Mark Chandler, another buyer, said: “I don’t know what’s going on. It’s always full.”
Several Walmart Homewood fans reiterated, “It’s always busy.”
OTHER UPCOMING RETAIL CLOSURES
In addition to Walmart, other large stores are also closing locations.
That includes low-cost grocer Aldi, which is set to lose a store in north Minneapolis in a few days.
The location at 3120 Penn Avenue North released the following message, according to multiple news reports:
“This store will close permanently on February 12, 2023 at 5:00 p.m.”
Grocer Piggly Wiggly will close another location in Milwaukee, Wisconsin.
No specific closing date has yet been given, but the company’s senior director said in an email that “employee disconnects” are expected to begin “during the 14-day period beginning March 18, 2023.”
“This promotion will be permanent and the entire store will be closed.”
In addition, Bed Bath & Beyond has announced that it will close another 150 stores
To avoid bankruptcy (at least for now), the company sold stock to raise $225 million.
The large drugstore chain Walgreens will close two more locations.
That reportedly includes one in St. Johnsbury, Vermont, on February 22, followed by another in Houston, Texas on Grand Avenue on March 7.
And rival CVS will close the pharmacy section of its store at 400 Massachusetts Avenue NW in Washington DC
On the other hand, here are the five retailers opening locations in 2023.
https://www.the-sun.com/money/7358844/walmart-closure-city-list-warning/ Walmart confirms another permanent store closure, adding to a growing list nationwide, following CEO comments