Six Southern California Walmart Stores Closing

Doug McMillon, President and CEO of Wal-Mart Stores, Inc., shares more about the factors that led to this decision, how Walmart plans on assisting the impacted six Southern California Walmart stores closing, and the 154 nationwide that will be closing this year.

Six Southern California Walmart Stores Closing

Walmart

 

#2949: 151 E 5th St., Long Beach, CA 1/28/2016
#2960: 4101 Crenshaw Blcd., Los Angeles, CA 1/17/2016

Neighborhood Market

#5642: 2408 Lincoln Ave., Altadena, CA 1/28/2016
#5688: 6820 Eastern Ave., Bell Gardens, CA 1/28/2016
#5690: 2045 E Highland Ave., San Bernardino, CA 1/28/2016
#4173 12120 Carson St., Hawaiian Gardens, CA 1/28/2016

Six Southern California Walmart Stores ClosingMore than 95 percent of the stores closing in the U.S. are within 10 miles on average of another Walmart, and the hope is that these associates will be placed in nearby locations. All affected Walmart U.S. associates will receive 60 days’ pay and, if eligible, severance. Walmart will also help associates find their next job opportunity, with a goal of placing as many associates as possible who would like to continue with the company at other nearby locations. Our objective is to help all associates find their next job opportunity, whether with Walmart or somewhere else.

We will be giving impacted associates priority for open positions at other nearby stores. Walmart Neighborhood MarketWe expect that some associates will transfer to another location and others will take severance and pursue other job opportunities. As we’ve seen with other store closures in the past, the majority of associates who wished to transfer were able to.

Is Walmart closing stores due to increased wages for workers?

Not at all. This is about managing our portfolio smartly. Our investment in associate wages and training is a long-term investment that is already paying off. Our customers are benefiting from a faster checkout process, better in-stock across the stores, a clean shopping environment and friendly associates. As a result, we are seeing improvements in our comp sales, customer traffic and customer satisfaction scores.

2 COMMENTS

  1. Did our elected officials fight for the store on Crenshaw to remain in our community? Due to the fact that it is the only affordable, safe and convenient discount store within our council district that employee the majority of the young men and women that live in our community. Can our city councill create or invest in a store similar to Walmart that an occupy that store space and hire our youth from our community? Statics on e showed that the majority of people spend b their money in the areaa in which they work. This is crazy

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