Many Brands Have a Strong Presence with Stores Worldwide. An example is Walmart, which recently announced it will close more than ten of its stores by the end of 2024.

As one of the most important retail chains in the country, Walmart reported revenues of approximately $648 billion worldwide during the fiscal year that ended on January 31, 2024, according to Statista. The same source indicated that in 2021, Walmart was the world’s largest retailer of fast-moving consumer goods, generating revenues of about $573 billion. Amazon.com followed in second place with revenues of approximately $470 billion.

These Are the Walmart Stores Affected

In recent weeks, Walmart, the largest retail chain in the United States, announced the closure of more than ten of its stores by the end of 2024.

Among the most affected locations are California and Georgia in the United States, where several branches will cease operations due to low financial performance, as reported on October 2, 2024.

In California, a state that hosts 273 Walmart branches, the closure of five specific locations has been reported:

• San Diego: 2121 Imperial Avenue, San Diego, CA 92102
• El Cajon: 605 Fletcher Parkway, El Cajon, CA 92020
• West Covina: 2753 E. Eastland Center Dr., West Covina, CA 91791
• Fremont: 40580 Albrae Street, Fremont, CA 94538
• Granite Bay: 4080 Douglas Boulevard, Granite Bay, CA 95746

These measures are in addition to closures in other U.S. cities, such as Columbus, Ohio; Milwaukee, Wisconsin; and Towson, Maryland.

A Strategy Not New to Walmart

This strategy is not new for Walmart. In 2023, the company closed 23 stores in 13 states, while in 2022, 20 locations were shuttered. Among the locations affected in previous years were stores in Chicago, Atlanta, and Portland.

Despite these closures, Walmart continues to invest in opening new stores and remodeling existing ones. In 2024, two new Neighborhood Market locations were inaugurated in Santa Rosa Beach, Florida, and Atlanta, Georgia.

The company also plans to open or renovate 150 stores over the next five years, focusing on larger, more modern spaces that offer a greater variety of products in communities where they expect to achieve better profit margins compared to the locations being closed.

Read more:

Sora price: how much does OpenAI’s video generator cost?

How to access Sora OpenAI, ChatGPT’s video generator

Foods that contain red dye 3, the additive that could be banned