Quote:
Originally Posted by baygo
The announcement of the closure of those stores was a huge victory for the middle-class American entrepreneur.
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Well, not quite.
Out of that total number of 154 only about 18 are what we here in New Hampshire consider a Walmart.
What is closing is Walmart's attempt at the dollar stores - called Walmart Express. All 102 of the Walmart Express dollar type stores are closing.
Walmart also went into the attempted upscale grocery business called Neighborhood Market. Walmart is closing 23 Neighborhood Markets. Neighborhood Market is a stand alone grocery store.
Also closed are 7 Amigo stores owned by Walmart.
And 4 Sam's Clubs are closing.
So all is not what it appears on the surface. And none of this will really help the bygone days of shopping downtown. And none of this will provide much help these local economies. Yes, some businesses will pick up the slack. But there is very little slack available in these markets. That is why Walmart is closing these stores.