Article

2024-02-24 Economy

Walmart quietly announces details of 23 store closures across America because of poor sales - is YOUR area affected?

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Posted by Skidmark 2024-02-24 00:00|| || Front Page|| [11136 views ] Top

#1 Hmmmm.... 8 in Chicago, 2 in Portland. Wonder what those two have in common?

Seriously it is the failing deep blue cities that have rampant crime and shoplifting. No real surprise.

Posted by DarthVader 2024-02-24 00:11|| 2024-02-24 00:11|| Front Page Top

#2 /\ I'll take 'retail shrinkage' for $600. Alex.

Posted by Besoeker 2024-02-24 00:25|| 2024-02-24 00:25|| Front Page Top

#3 Googling "Walmart store closings" using Feb 2021 as a custom starting date point.

Add them up, it is over 400 locations.
But look at the number of stores in the USA

So 400+ is not quite 10% yet.

BTW: Like many, I am buying less from Wally World and more from Ollie's, ALDI's and Lidl's. Their Bread Milk and Eggs other prices usually beat Wally World by a dollar or more per item.

Have even found lower prices and better meats cuts at Kroger's lately.

Posted by NN2N1 2024-02-24 06:20|| 2024-02-24 06:20|| Front Page Top

#4 ^^^ You beat me to it, NN. I only occasionally visit a Walmart, and when I look at their grocery items, I just don't know what the attraction is. Even some things with their label are not much of a bargain. Recently went to buy some juice (Lidl does not carry), and the WMT brand was a mere 5¢ cheaper than a major brand...same size, of course.

Posted by DooDahMan 2024-02-24 07:51|| 2024-02-24 07:51|| Front Page Top

I thought they just recently announced earnings, but Walmart's last report on file is their quarterly report for the period ending 31 Oct 23

Shrinkage is only mentioned once (page 35) among a host of Operating Factors.

Posted by DooDahMan 2024-02-24 09:10|| 2024-02-24 09:10|| Front Page Top

#6 /\ Nobody likes talking about cancer.

Posted by Besoeker 2024-02-24 09:27|| 2024-02-24 09:27|| Front Page Top

#7 "Lower Profit Margins."

Posted by swksvolFF 2024-02-24 11:13|| 2024-02-24 11:13|| Front Page Top

#8 I have only 2 choices here, Wal-Mart and Food City. Very few vegetable choices at either one. Eggs are cheaper at Food City. Meat is high at both.

Posted by Deacon Blues 2024-02-24 11:22|| 2024-02-24 11:22|| Front Page Top

#9 I'm a Wally World fan, but if Mrs. Nomo wants some of the more upscale fixin's to deviate from my basic 14-day menu palate I have to go elsewhere. Sadly, the slow devolution of American prosperity is evident everywhere if you look carefully. Even at upscale places you find bread on display with 1 day left on freshness labels that are printed in tiny typeface now (I wonder why), produce that is too-early-to-market, and dented cans and resealed caselots. Creeping sovietization of choice on product choices has begun as well. The back-end of empire hints if you look closely.

Posted by NoMoreBS 2024-02-24 12:59|| 2024-02-24 12:59|| Front Page Top

#10 My "favorite" at any store is when, out of the 3,000 things available, the item I am interested in is the only one without a price label anywhere to be found.

Posted by DooDahMan 2024-02-24 14:10|| 2024-02-24 14:10|| Front Page Top

#11 I notice many times in the CVS vitamin section any item that is tagged BOGO or buy 1 get one half off is only stocked one item deep on the shelf.

Posted by M. Murcek 2024-02-24 14:56|| 2024-02-24 14:56|| Front Page Top

#12 "Shrinkage" or theft was averaging 1 1/2% for the WalMarts and Lowes in our area two years ago and the number was trending up. They have the means and laws to combat this, but have not made it their focus...they just pass the 1 1/2% burden on to the customer. For perspective, that 1 1/2% equates to roughly $30,000 per store every month or so, which is the equivalent to the average take in a front door bank robbery. But they (WalMart and Lowes) minimize it by calling it "shrinkage." Lowes even makes it worse by giving the person "returning" the stolen items a store credit card (worth full price for the returned item) which is easily marketable on the street or traded for narcotics.

Posted by Tennessee 2024-02-24 15:58|| 2024-02-24 15:58|| Front Page Top

#13 Lowes even makes it worse by giving the person "returning" the stolen items a store credit card (worth full price for the returned item)

I'm incredulous.

But gone are the days when most 'shrinkage' was from the store's employees.

Posted by DooDahMan 2024-02-24 18:43|| 2024-02-24 18:43|| Front Page Top

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