Good Lifestyle

Your local walmart can be an essential purchasing resource, no matter where you live. The emblematic store has maintained a solid clientele over time thanks to its relatively low prices, a Large selection of products , And Innovative additions This can improve the customer experience. But even the largest retailer in the country is not immune to economic realities and the maintenance of its net profit, which can sometimes mean reducing the number of stores it operates. And now Walmart says that it will close even more locations on March 24. Read more to find out where the chain will close its doors in the coming weeks.

Read this then: Office Depot closes stores, from tomorrow .

On February 22, Walmart announced that it would close two other locations, both in Portland, Oregon. Hayden Meadows and East Port Plaza stores are planned for Public shutter On March 24, a company spokesperson confirmed Better life In an email. The pharmacy of each store will also close, the company saying that the staff will work with customers to transfer their prescriptions to another place.

The company did not specify a reason for the closures, affirming only that "the decision was not taken lightly" and was only taken after a process of in -depth examination. "We have nearly 5,000 stores in the United States and unfortunately, some do not meet our financial expectations" Lauren Willis , the World Director of Communications of Walmart in the West of the United States, said in an email in Better life . "Although our underlying company is strong, these specific stores did not work as well as we hoped. There is no unique cause for the closure of a store and our decision is based on several Factors, including historical and current financial performance, and is in line with the threshold that guides our strategy to close the sub-performative locations. " AE0FCC31AE342FD3A1346EBB1F342FCB

In its official declaration, the company concluded: "We are grateful to the customers who gave us the privilege of serving them in our locations Hayden Meadows and Eastport Plaza. We are impatient to serve them in our other stores in the surrounding communities and on Walmart.com. "

In addition to loss of store places, imminent closures will also affect 580 workers employed by the company, Oregonian reports. However, Willis said that the company would continue to be "favorable" to all partners who are assigned by changes by allowing them to transfer to another neighboring store.

"This decision is in no way the reflection of their hard work and their customer service," she said Better life . "We employ thousands of partners in the region with more than a dozen stores in the Metropolitan region of Portland. We have invested in our partners and we want to keep them in the Walmart family."

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Portland is not the only place where Walmart stores will close close future . The company recently announced that it would close the shutter locations in the coming weeks after being deemed "sub-performatives" During an examination process , Footwear news reported.

On February 17, the company closed two Walmart collection locations in Bentonville, Arkansas And Lincolnwood, Illinois, reported Insider. The stores were the last two to play its autonomous collection concept after the closure of a location in Metairie, Louisiana, in 2022.

The company also confirmed that a handful of other stores in full format would close by March 10. Two other sites in Illinois - including a Walmart SuperCentry in Homewood and one in Plainfield - are planned to close , according to CBS Chicago. Florida will also lose a location of the Walmart district market in Pinellas Park , Tampa Bay Times reported. And Albuquerque, the New Mexico and Milwaukee, Wisconsin, will each lose a Walmart SuperCentry on the same date.

The latest Walmart store closures in Portland and beyond come as a result of the company Last profits , which described his forecasts for the coming year. According John David Rainey , financial director and executive vice-president of Walmart, the company is cool in a high holiday season which has experienced an 8.3% increase in sales in American stores. But the retailer does not hold hope that it is Recent successes will continue .

"There are just a lot of things we don't know," John R. Furner , said the president and chief executive officer of Walmart U.S., during the call. “We could tilt ourselves into a recession. We do not know what happens to consumer spending. We do not know what is happening to layoffs, household income. And so, we are so early in the year and that there are many unknowns at the moment, we are simply taking a prudent perspective. ""

Rainey highlighted problems similar to which the company will probably be confronted in the coming months. "We find ourselves in a position similar to each of the last three years, where there is a lot of uncertainty about the balance of the year," he said during the call. "Although supply chain problems have decreased, prices are always high and there is considerable pressure on the consumer."