Is Walmart Closing Stores In 2022? (Not What You Think)
Walmart’s current logo since 2008
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Walmart Home Office (headquarters) in December 2012
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| Formerly |
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| Type |
Public |
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ISIN |
US9311421039 |
| Industry |
Retail |
| Founded |
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| Founder |
Sam Walton |
| Headquarters |
,
U.S.
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Number of locations
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 10,593 stores worldwide (January 31, 2022) [2] [3] |
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Area served
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Worldwide |
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Key people
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| Products |
Supermarket , Hypermarket , Superstore , Convenience shop |
| Services | |
| Revenue |
US$ 559.2 billion (2020) [4] |
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US$22.55 billion (2020) [4] |
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US$13.70 billion (2020) [4] |
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Total assets |
US$252.5 billion (2020) [4] |
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Total equity |
US$87.53 billion (2020) [4] |
| Owner |
Walton family (50.85%) [5] |
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Number of employees
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2,300,000 (Jan. 2021) [4] U.S.: 1,600,000 |
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Divisions |
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Subsidiaries |
List of subsidiaries |
| Website |
walmart.com |
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Footnotes / references [6] [7] [8] |
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Walmart is one the biggest retail companies in the world, and it has managed to stay ahead of changes in the sector.
However, the most recent trends in the retail market have caused panic among consumers, with most of them asking – is Walmart closing stores?
Is Walmart Closing Stores In 2022?
Walmart is closing some of its stores to focus more on e-commerce as of 2022. Recent analysis revealed that customers prefer to shop online over visiting Walmart stores. Therefore, Walmart’s business operations are currently shifting to support online shopping and maintain fast, efficient, and reliable services.
Walmart Shuts Down Stores In A Hurry
Walmart is closing stores suddenly due to two reasons:
Walmart’s online retail sales have seen a huge increase from 2020-2021. Customers prefer shopping online to brick-and-mortar shops.
Walmart achieved an impressive e-commerce growth rate last year of 97% in its second quarter, up from the previous quarter. It is one that has been cited as the fastest on Walmart’s records.
Therefore, to take advantage of the new shopping trends and make maximum profits, Walmart is closing some of its stores as the company tries to strategize and invest in e-commerce activities.
Software, new tools, and services that enhance the service for online shoppers will be some of the strategies.
Additionally, consumers can now order online and avoid shipping charges with new programs such as “pick-up Today” or home deliveries.
Walmart is considering closing its Walmart stores temporarily due to an increase of online sales.
Walmart closes temporarily during the deep cleans. The store reopens when the assessment of the deep cleans is complete.
Lynn Haven in Florida saw the most recent Walmart deep-clean drive. In July, it was closed for three days.
Is My Walmart Closing?
You may find your nearest Walmart store closed. It all depends on where it is.
Walmart devised an innovative strategy to address the consumer’s desire for online shopping.
Walmart can still close your Walmart local stores to do deep cleaning and sanitization. Walmart may close your local Walmart store for deep cleaning and sanitization. If that happens, Walmart will restore the store to its original state within 2-3 days.
Walmart closing all physical stores by 2022
Walmart won’t close all of their stores by 2022. But they could close some locations in the US and Canada due to declining foot traffic and shrinking towns.
While Walmart may say that it is closing its stores in all locations, there are other sources who claim otherwise. These claims can be taken as clickbait.
The Walmart Store Finder can be used to search for open Walmart locations near you.
What happens when Walmart closes a Store?
Walmart.com will still provide fast and reliable customer support even if a Walmart store is closed.
Walmart may have suffered from the closing of brick-and mortar stores, but the company compensates for this with its excellent online shopping strategy.
However, if your store closes due to the regular Walmart deep cleaning schedules then you simply have to wait for reopening within 2-3 days.
During the cleaning period, specialists can get ample time and space to sanitize the whole store while Walmart associates ultimately get additional time to restock shelves.
All Walmart Stores Closed in Canada
Walmart Canada isn’t closing all its stores. However, it closed six Canadian locations and will spend $500 million on renovations to some remaining ones.
Canada has three of the stores which were shut down: two in Alberta, one in Ontario, and one each in Newfoundland, Labrador and Labrador.
These stores were closed due to the enhancement of online shopping and the improvement of the physical appearance in the remaining Walmart stores.
Is Walmart Closing For Good In Canada?
Walmart Canada has not closed all its shops, but is closing some.
Walmart Canada’s closing of six Walmart Canada stores will allow them to modernize over half the remaining stores as well as build new distribution centers.
Walmart is getting rid of cashiers.
Walmart is getting rid of cashiers and initiating self-checkouts to speed up wait time and save money in the long run. Walmart also wants customers to have more control over how they shop.
If you want to know more, check out our posts on Walmart opening hours, Walmart returns hours, and Walmart selling alcohol at what hour.
Walmart plans to shutter some of its brick and mortar stores between 2020-2021 to accommodate the rise in online shopping. However, other stores will remain open temporarily to replenish, stock and clean out their stores.
.Is Walmart Closing Stores In 2022? (Not What You Think)