Walmart Re-Thinks Express Concept

Walmart Friday announced plans to close 154 stores in the United States and 269 stores total.  The majority (119) of the domestic closures surround the retailer's Express store concept, which features smaller store footprints--often in rural areas.  Twenty-three of the closures are Neighborhood Market stores, with 12 Supercenters, four Sam's Clubs and six traditional Walmart stores also on the list.

The majority of the stores tabbed for closure have been built in the last five years, as the company attempted a pilot of their Express brand and attempted expansion of the Neighborhood Market brand.

The closures of the Supercenters, Neighborhood Markets and traditional Walmarts may possibly be offset by scheduled store openings in 2016.  A Walmart store was opened in Fort Lauderdale last week, with Neighborhood Markets in Gretna, LA and Albuquerque, NM opening this week. Neighborhood Markets in Meraux, LA and Pittsburg, KS will open later this month.

View a Map of Walmart Closures in U.S. at Quartz