Walmart released a statement yesterday on Friday, January 15th 2016 that it will be closing 269 stores worldwide and exit their Walmart Express Stores.
154 of those stores are in the USA and will put people out of work. Around 16,000 across the globe. But they will also be opening stores as well.
Here is their strategy according to their press release:
“As part of today’s action, the company will close 154 locations in the U.S., including the company’s 102 smallest format stores, Walmart Express, which had been in pilot since 2011. Walmart instead will focus on strengthening Supercenters, optimizing Neighborhood Markets, growing the e-commerce business and expanding Pickup services for customers. Also covered in the closures are 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers, and four Sam’s Clubs.”
So all the associates who were let go because of the closings will be going to a nearby Walmart.
“In total, approximately 16,000 associates will be impacted by the decision, about 10,000 of them in the U.S. More than 95 percent of the closed stores in the U.S. are within 10 miles on average of another Walmart, and the hope is that these associates will be placed in nearby locations. Where that isn’t possible, the company will provide 60 days of pay and, if eligible, severance, as well as resume and interview skills training. Whether with Walmart or elsewhere, the company’s objective is to help all associates find their next job opportunity.”
“The decision to close stores is difficult and we care about the associates who will be impacted,” McMillon said. “We invested considerable time assessing our stores and clubs and don’t take this lightly. We are supporting those impacted with extra pay and support, and we will take all appropriate steps to ensure they are treated well.”
I worked for Walmart briefly during the holiday season and they do take care of their employees. Did you know that they give quarterly bonuses, extra discounts if you work Thanksgiving or buy you dinner sometimes? Plus a 10% discount card to use all the time after your first 91 days. Plus they offer the usual benefits like health insurance, 401k etc..So everyone who has the impression that you are automatically on government assistance if you work for them, no, you have it all backwards.
I really liked working there too. I was overnight cashier/stocker. I could possibly go back in the future, idk.
Yes I know a lot of people do not like Walmart because they get their shit from China but that doesnt stop people from shopping there. Walmart also price matches, takes coupons and during the holiday season offer layaway. I also utilize the Walmart Savings Catcher when I dont feel like price matching or using coupons. I find it amusing though that even though people told me they hated shopping at Walmart did anyway.
I know they put other small businesses out too because of their prices and selection, but the conditions they state that the USA employees have are not legit. I am unsure of how they treat the Chinese or even if Walmart has any control over that but in USA they are treated decent.
Walmart has always managed to stay on top of their competitors such as Target, Kmart/ Sears, Smiths/Kroger, WinCo Foods etc…their sales have been dropping but I think this new approach maybe bring them back.
Where do you shop?