Walmart announces the first store closings of 2024

Two locations in California are expected to close next month.


Most of us do not even beat an eye when we come across a sign of "activity of the activity" these days. Store closures has become a regular event throughout the country in recent years, and although the worst of the retail apocalypse is finished, we always see large companies tidying up their retail footsteps. A number of large retailers should shutter stores This year, notably Big Lots, Rite Aid, Family Dollar, CVS and Walgreens. Now Walmart announced its first closures in 2024.

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From Portland, Oregon to Washington, D.C., the cities in the whole country have permanently finished Losing Walmart locations in 2023. According to the latest retailer statistics, there is 4,616 Walmart stores In the United States, on October 31, 2023. But two of them are expected to close for good next month.

In a declaration at Better life , Walmart spokesperson Brian Little Confirmed that the company had decided not to renew its leases in two Walmart locations in the San Diego region. The stores of 2121 Imperial Ave. In San Diego and 604 Fletcher Parkway in El Cajon will both be close to the public on February 9.

Like most Walmart stores that closed last year, Little said that these locations in the San Diego region "did not work as" as the company had hoped. But the company was also "unable to reach mutual rental renewals with real estate managers" of the two stores, according to the spokesperson.

"There is no unique cause to know why a store closes and our decision is based on several factors, including historical and current financial performance, and complies with the threshold that guides our strategy to close the locations subspections efficient, "he said.

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Overall, the "underlying activities of Walmart are strong" and the company has no additional closure planned in this region at the moment, added Little.

"These are never easy decisions, but the active management of our portfolio is essential to maintain a healthy business," he said. "This is done on a case -by -case basis and only after a meticulous and in -depth exam."

After the closures next month, Walmart he will still have five stores in San Diego and two in El Cajon. All affected partners are eligible to be transferred to one of these locations, according to Little.

"We are grateful to customers who have given us the privilege of serving them in our San Diego and El Cajon stores," he said Better life . "We are impatient to continue serving them in one of our many locations in the region, on Walmart.com and by delivery to their home or their business."

There are no news of additional Walmart closures in 2024 at the moment, but we will keep you informed of any future advertisement of the company.

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