Article

2023-03-24 Economy

Walmart to close a series of stores across 9 states this year due to falling profits - after announcing hundreds of layoffs at fulfilment centers

[MAIL] Walmart announced they're shuttering 12 stores across nine states and Washington DC this year due to failing profits - on the same day they announced hundreds of layoffs at fulfilment centers.

The big box chain has been closing a handful of stores annually in recent years, always citing the location 'underperforming.'

The retail behemoth is also closing two stores in Illinois and Arkansas that were 'pick-up only.'

The main locations ending their run are in Washington DC, Florida, Illinois, Hawaii, Indiana, Minnesota, New Mexico, Oregon, Washington State and Wisconsin.

It comes the same day the company announced hundreds of workers at five facilities that fulfill e-commerce orders are being asked to find jobs within 90 days at other company locations.

Posted by Besoeker 2023-03-24 05:26|| || Front Page|| [14 views ] Top

#1 When the clearance isle is still $'s higher than they charged a year ago. I can understand the reduced sales volume in many lower income areas.

Posted by NN2N1 2023-03-24 06:53|| 2023-03-24 06:53|| Front Page Top

#2 Sam is rolling in his grave. One resent year Bentonville meeting exclaimed happily the destruction of small business. Dollar general next target with price reductions on similar products to snuff them out next. Locals refer to Dollar generals as their DG Walmart. Every 30 miles a DG is to be located. Problem now is getting help to work their stores. Demands on venders to do more. More frequent service and keep the shelves filled. I always said they were free labor. They are having the same problems now as well. So state inspectors harass them and threaten closure because of stock in the isles or dripping sinks and a myriad of other citations or threats of fines or closure. Inspectors are only limited by their imaginations. The public be damned. As an example for police stopping you they have over 20,000 reasons to stop you if needed should you request an explanation for being stopped.

Posted by Dale 2023-03-24 08:19|| 2023-03-24 08:19|| Front Page Top

#3 I have also wonder what shoplifting percentages were at many of these locations

Posted by NN2N1 2023-03-24 09:46|| 2023-03-24 09:46|| Front Page Top

#4 Major cutbacks in food assistance. Example; 300 a month approval. Nothing changed but food stamps reduced to 89 dollars/month. Happening now in Maryland. Till now no concern for costs. So no problem raising prices. Customer got two full karts of groceries Tuesday and again on Thursday. Seen in lot collecting cash for foods. Police aware. They do nothing about it. Kicker here is she left her receipt behind. Balance of $52,000 remained for her to spend. Yes; I know, you don't believe it.

Posted by Dale 2023-03-24 10:08|| 2023-03-24 10:08|| Front Page Top

#5 The shoplifting usual foci don’t seem to be on the list. I would like to see Winco expand towards Ohio. I miss that place.

Posted by Super Hose 2023-03-24 12:38|| 2023-03-24 12:38|| Front Page Top

#6 Major cutbacks in food assistance.

Food assistance was dialed up during the Covid shutdown. That’s acknowledged to be over, so states have been dialing back all kinds of assistance, Dale.

Posted by trailing wife 2023-03-24 13:40|| 2023-03-24 13:40|| Front Page Top

#7 fyi

there are over 5000 Walmart stores in the US

closing 12 stores is not that big a deal from a company standpoint

it is a big deal if a community depends on that store but if the community in question has a lot of people that shoplift, well, the store isn't in business to lose money

Posted by lord garth 2023-03-24 15:30|| 2023-03-24 15:30|| Front Page Top

#8 TW this was unrelated to extra covid assistance. However those who received funds are seeing delays in refunds and taxes for extra income.

Posted by Dale 2023-03-24 20:36|| 2023-03-24 20:36|| Front Page Top

#9 'The letter means that following a careful and rigorous evaluation, the FDA has accepted the company’s conclusion that its first poultry product, cultivated chicken, is safe to eat.

This clears a crucial step in bringing GOOD Meat to restaurants and retail in the U.S. more than two years after its historic approval and launch in Singapore. The company is now working with the U.S. Department of Agriculture on necessary approvals before world-renowned chef, and humanitarian José Andrés becomes the first in the country to offer GOOD Meat’s chicken to customers at a restaurant in Washington, D.C. Andrés is chef/owner of José Andrés Group, which operates more than 30 restaurants across the country.'

Posted by Dale 2023-03-24 20:38|| 2023-03-24 20:38|| Front Page Top

#10 Pigeons taste like chicken.

Posted by Dale 2023-03-24 20:40|| 2023-03-24 20:40|| Front Page Top

08:12 Super Hose
08:10 Super Hose
08:09 Super Hose
08:08 Super Hose
08:06 NN2N1
08:05 Super Hose
08:03 Super Hose
08:01 M. Murcek
07:59 Super Hose
07:56 Super Hose
07:28 Frank G
07:18 Procopius2k
07:13 Mullah Richard
07:07 Seeking Cure For Ignorance
07:04 Mullah Richard
06:58 Frank G
06:31 MikeKozlowski
05:09 Ululating Platypus
05:06 Whiskey Mike
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04:40 Besoeker
04:37 Besoeker
04:20 Besoeker
00:41 Grom the reflective