Walmart to Close Three More Stores, Affecting Over 500 Employees

Arnia
4 Min Read

Walmart, the famous retail giant, is making big changes. Recently, it announced the closure of three more stores, adding to the number of closures this year. Along with these closures, Walmart is also ending its health care services and its credit card partnership with Capital One. This article will explain the details of these changes and how they will affect employees and communities.

Store Closures and Layoffs

Walmart has already closed 11 stores this year and is now closing three more. According to the Workers Adjustment and Retraining Notification (WARN) databases, Walmart issued new layoff notices for two stores in Georgia and one in Colorado.

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Specific Closures

  • Arapahoe/Douglas, Colorado: 141 employees laid off as of June 6.
  • Georgia: 92 employees in Marietta and 295 employees in Dunwoody will be laid off by September 20.

This means 387 employees will lose their jobs in Georgia, and a total of 528 employees will face layoffs in these two states.

Impact on Employees and Communities

These layoffs will increase unemployment rates in these areas. Earlier this year, Walmart also closed four stores in California, one in Maryland, and one in Ohio. These closures affected 1,049 employees in places like Milwaukee, Wisconsin; Towson, Maryland; and Columbus, Ohio.

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Walmart said these closures were necessary because the stores were not meeting financial performance expectations. The company wants to improve its overall health by closing underperforming locations.

Employee Transfers and Support

Walmart has offered affected employees the option to transfer to other locations. However, moving to a new place might not be possible for many workers, which is why so many layoffs have been recorded.

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Walmart’s Expansion Plans

Even though Walmart is closing some stores, it is also working on expanding and remodeling others. The company plans to build or convert over 150 stores in the next five years. Additionally, Walmart will remodel 650 stores across 47 states and Puerto Rico within the next 12 months. These projects aim to update existing locations and create new jobs.

New Store Openings

The first new stores under Walmart’s expansion plan are in Santa Rosa Beach, Florida, and Atlanta, Georgia. The Santa Rosa Beach store opened last month, and the Atlanta store started operations in May.

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Walmart’s recent store closures and layoffs are part of its strategy to close underperforming locations and focus on expansion and remodeling plans. While these changes will impact many employees and communities, Walmart aims to create new job opportunities through its ambitious projects.

1. Why is Walmart closing these stores?

Walmart is closing these stores because they were not meeting financial performance expectations.

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2. How many employees are affected by the layoffs?

A total of 528 employees will be laid off in Georgia and Colorado.

3. Are employees being offered transfers?

Yes, Walmart has offered affected employees the option to transfer to other locations.

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4. What are Walmart’s expansion plans?

Walmart plans to build or convert over 150 stores in the next five years and remodel 650 stores in the next 12 months.

5. Where are the first new stores opening?

The first new stores are in Santa Rosa Beach, Florida, and Atlanta, Georgia.

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By Arnia
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A Certified Public Accountant specializing in personal finance and taxation. Arnia engaging writing style and deep understanding of tax codes make her articles a must-read for individuals seeking to maximize their tax savings.
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