Walmart Just Closed 3 Stores. The Real Story Isn’t a Retail Retreat
Three stores shut down earlier this year. The retailer attributes the closures to a key part of its strategy.
Walmart has closed three stores in Canada as part of a strategic review aimed at better aligning its operations with changing customer needs. The closures in Montreal, Côte-des-Neiges, Pointe-aux-Trembles, and Dorval, along with the June and July closures, affected over 330 workers who were offered opportunities at nearby stores.
Walmart has not closed any U.S. stores this year but is investing heavily in remodeling more than 650 Supercenters and Neighborhood Markets across the country. The closures are not indicative of Walmart's plans to withdraw from more markets, as most of its stores perform well, particularly those with grocery sections and e-commerce fulfillment capabilities.
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