Quote:
Originally Posted by Timpo
(Post 8731859)
| Reads title, doesn't read article, posts article anyways ... Quote:
Wal-Mart said Friday it will close 269 stores across the globe, including 154 in the U.S. The world's largest retailer also will open as many as 405 stores globally in the coming fiscal year, as it shifts its focus toward Supercenters and Neighborhood Markets in profitable locations.
| 405-269=+136
154 stores closed in the US (read below) Quote:
The domestic store closures will mostly impact the company's Walmart Express stores, which account for 102 of the closings. These small stores, which are comparable in size to a dollar store, had been in pilot since 2011.
| Quote:
More than 95 percent of the closed U.S. stores are within 10 miles of another Wal-Mart store.
| Almost half of the closings are PILOT stores that are located within 10 miles of a larger Wal-Mart. Wal-Mart decided it was more profitable to simply operate a single larger location.
The article also states that while it's closing 154 US stores (102 of which are PILOT stores, 52 non-pilots), it's opening ~55 new Supercenters and ~90 Neighborhood Markets in the US this coming fiscal year (that's ~145). 145-52=+93
Read your shit before you post it, please. | 