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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, one of the most important retailers worldwide, has been able adapt to changes within the retail industry.
Consumer panic over the latest trends in retail has caused concern. Many consumers are asking whether Walmart is closing its stores.
Is Walmart Closing Stores In 2022?
Walmart has decided to shut down some of its retail stores and focus more on online shopping in 2022. Recently, Walmart found that shoppers prefer buying online rather than shopping in stores. Walmart is currently changing its business model to allow online shopping, as well as provide reliable and efficient services.
Why Is Walmart Closing Stores Suddenly?
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.
Last year, Walmart recorded an e-commerce growth of 97% in the second quarter compared to the previous, a figure that is considered the fastest rate on Walmart’s record.
Walmart plans to shut down some of their stores, in an effort to maximize profit and take advantage of new shopping trends.
These new ways of helping online shoppers involve the creation and use software, programs, and other capabilities that will enhance their service.
Additionally, consumers can now order online and avoid shipping charges with new programs such as “pick-up Today” or home deliveries.
In addition to an increase in online sales, Walmart may temporarily close its local Walmart store due to a deep clean drive and sanitization.
Walmart closes temporarily during the deep cleans. The store reopens when the assessment of the deep cleans is complete.
Lynn Haven, Florida was the latest location to experience a Walmart deep cleaning drive. The local Walmart was shut down for three days in July.
Is My Walmart Closing?
Your local Walmart store may or may not be closed, depending on the location of the store.
With the current preference for online shopping, Walmart has devised a strategy of closing some of its stores to meet the needs of consumers.
Walmart could still decide to close down your local Walmart store for cleaning or sanitization. Walmart will open your store in 2-3 days.
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Walmart closing all physical stores by 2022
Walmart will not close every store by 2022. However, they may close some stores in the US, Canada and Puerto Rico because of shrinking communities and lower foot traffic at malls.
Although some people claim Walmart will close every store in the country, this information can still be considered clickbait advertising.
However, depending on where you’re located, you can use the Walmart Store Finder to find open Walmart stores around you.
What happens when Walmart closes a Store?
Walmart.com is a great option for customers who are unable to visit a physical store. You can still shop online at Walmart.com with the same fast and efficient customer service.
While the closure of brick-and-mortar stores may seem to have negative effects on Walmart’s brand image, the company makes up for it with exemplary online shopping strategies.
You can wait up to two days for your store to reopen if it closes because of the Walmart Deep Cleaning schedules.
Walmart associates are able to get extra time to replenish shelves while the specialists have ample space and time.
All Walmart Stores are Closing In Canada
Walmart Canada won’t close all of its Canadian stores. But, six locations have been closed by the company and the company will invest $500,000,000 to renovate some other stores.
Canada has three of the stores which were shut down: two in Alberta, one in Ontario, and one each in Newfoundland, Labrador and Labrador.
This is due to online shopping being more popular and physical stores at Walmart being better maintained.
Is Walmart Closing For Good In Canada?
Walmart Canada isn’t closing its doors for good, rather it will close some outlets.
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.
Is Walmart Getting Rid Of Overnight Restocking Shifts?
Walmart will be removing the overnight stocking shifts from 300 of its stores. It will also transition workers who work at night to shifts that are more convenient.
Walmart eliminated its night shift and now operates from 6 am to 11 pm. Others will remain open until 10 pm.
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 wants to offer customers greater control over the shopping experience.
You can read our other posts to find out more about Walmart’s closing hours and returns policy, as well as when Walmart is open for business.
Walmart decided to shut down some brick and mortar locations during 2020 and 2021 in response to an increase of online retail. Meanwhile, others stores were temporarily shuttered to allow for refreshing and replenishment of stock.
.Is Walmart Closing Stores In 2022? (Not What You Think)