Walmart To Close 154 Stores; Will Move Employees To Walmart Next Door
There is such a thing as over-saturating the market.
For example, in Tyler there are five WalMart locations.
In Longview, there are eight.
And, really, that's only scratching the surface. When we explore the whole of East Texas, it seems that there is one on every corner. It's difficult to imagine a world where there isn't a WalMart nearby.
So, it probably shouldn't come as shock that the company has announced that it will close 154 of its American stores this year.
But, no worries. They don't anticipate a great deal of job loss.
Because most of the dislocated staff will just be moved down the road...to the other WalMart.
In all, about 16,000 employees will be impacted by the closures nationwide. For those that can't be relocated, WalMart says that it will provide its laid off workers with sixty days of pay, interview and resume training.
The closings represent just 2% of WalMart's stores worldwide.
While the company has struggled recently, with its shares dropping 30% last year, this shouldn't be taken as the sign of a declining empire.
Although they are closing 154 stores, they will be opening 300 new stores this year and in 2017. That will include sixty new Super Centers and ten new Sam's Club stores.
Here are the closures in Texas (most of them won't impact us locally):
- 14091 FM 490, Raymondville, TX
- 7480 Padre Island Hwy, Brownsville, TX
- 8201 N FM 620, Austin, TX
- 7075 FM 1960 Rd W, Houston, TX
- 2218 Greenville Ave., Dallas (Greenville), TX
- 2740 Gessner Rd., Houston, TX
- 2201 West Southlake Blvd., Southlake, TX
- 1901 S. Texas Ave., Bryan, TX
- 4268 Legacy Drive, Frisco, TX
- 721 Dale Evans Drive, Italy, TX
- 221 S State Hwy 274, Kemp, TX
- 504 W Pine St., Edgewood, TX
- 301 Hwy 69 S, Whitewright, TX
- 122 Commercial Ave., Anson, TX
- 1003 Telephone Cir., Merkel, TX
- 5 N 14th St., Haskell, TX
- 1010 N Main St., Winters, TX
- 501 N Main, Godley, TX
- 416 N Third St., Grandview, TX
- 420 S US 69, Leonard, TX
- 428 N Dallas St., Palmer, TX
- 440 E Pine St., Frankston, TX
- 1787 US Hwy 259 S, Diana, TX
- 1005 Texas Avenue E, Waskom, TX
- 870 Taylor St., Hughes Springs, TX
- 914 North Main St., Lone Star, TX
- 504 WL Doc Dodson, Naples, TX
- 12522 Fm 1840, Dekalb, TX
- 114 Redwater Boulevard West, Maud, TX