Is Walmart Closing Stores In 2022? (Not What You Think)

Walmart Inc.
Formerly
  • Wal-Mart Discount City (1962–1969)
  • Wal-Mart, Inc. (1969–1970)
  • Wal–Mart Stores, Inc. (1970–2018)
Type
Public

ISIN


US9311421039

Industry
Retail
Founded
Founder
Sam Walton
Headquarters

,

U.S.
Number of locations
Increase
10,593 stores worldwide (January 31, 2022)


[2]




[3]

Area served
Worldwide
Key people
Products
Supermarket

,

Hypermarket

,

Superstore

,

Convenience shop
Services
Revenue Increase


US$

559.2 billion

(2020)


[4]

Increase

US$22.55 billion

(2020)


[4]

Increase

US$13.70 billion

(2020)


[4]



Total assets

Increase

US$252.5 billion

(2020)


[4]



Total equity

Increase

US$87.53 billion

(2020)


[4]

Owner
Walton family

(50.85%)


[5]

Number of employees
2,300,000 (Jan. 2021)


[4]



U.S.: 1,600,000

Divisions

Subsidiaries

List of subsidiaries
Website

walmart.com


Footnotes / references




[6]




[7]




[8]

Walmart, as one of world’s largest retailers has managed to remain relevant in the face of change within the retail sector.

Is Walmart Closing Stores In 2022? (Not What You Think)

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 has decided to shut down some of its retail stores and focus more on online shopping in 2022. According to a recent study of revenue, more people prefer online shopping over going into stores. Therefore, Walmart’s business operations are currently shifting to support online shopping and maintain fast, efficient, and reliable services.

  • Keep reading to learn more about Walmart closing its stores.
  • Is Walmart Closing Stores In 2022? (Not What You Think)

    Why Is Walmart Closing Stores Suddenly?

    Walmart is closing stores suddenly due to two reasons:

  • Online shopping has seen a recent boom
  • The need to deep clean some stores
  • Walmart saw a tremendous increase in US online sales between 2020-2021. Most customers prefer to shop online over brick-and mortar stores.

    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.

    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.

    These new ways of helping online shoppers involve the creation and use software, programs, and other capabilities that will enhance their service.

    New programs like “pick-up now” and home delivery have made ordering online easier without having to worry about shipping.

    Walmart is considering closing its Walmart stores temporarily due to an increase of online sales.

    During the deep cleans, Walmart closes temporarily for a few days and reopens once assessments on the deep cleans are deemed as 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?

    Your local Walmart store may or may not be closed, depending on the location of the store.

    Walmart has decided to shut down some stores due to increasing demand for online shopping.

    Walmart may close your Walmart Stores for deep cleaning, sanitization. If this happens, Walmart will reopen your local store within 2-3 days.

    Is Walmart Closing Stores In 2022? (Not What You Think)

    Is Walmart Closing Every Physical Store In 2022?

    Walmart is not closing every store in 2022, but they might close some of its stores across the US, Canada, and Puerto Rico due to shrinking towns and less foot traffic in mall locations.

    However, some sources might claim that Walmart is closing every location. This information could be mistaken for clickbait ads.

    But, it all depends on where you live, the Walmart Store Finder can help you find nearby Walmart stores.

    Is Walmart closing a store in its stores?

    When Walmart closes a store, you can opt to shop through Walmart.com and still be assured of fast, efficient, and reliable customer service.

    Walmart is able to make up the difference with their excellent online shopping strategies, despite the negative impact that closing brick-and-mortar locations can have on its brand image.

    The regular Walmart deep-cleaning schedules may cause your store to close. If this happens, however, it’s best to just wait 2-3 days before reopening.

    Specialists have the opportunity to clean the entire store and Walmart associates can take more time stocking shelves.

    Is Walmart Closing Stores In 2022? (Not What You Think)

    All Walmart Stores Closed in Canada

    Walmart will not close all Canadian stores, but it has shut down six of them and spent $500 million to upgrade some others.

    The stores closed in Canada include three in the province of Ontario, two in Alberta, and one in Newfoundland and Labrador.

    Walmart has made it easier to shop online and improved the appearance of its remaining stores. This led to these stores being closed.

    Is Walmart Closing For Good In Canada?

    Walmart is not closing for good in Canada, but rather closing some of its outlets.

    Walmart will close 6 Walmart stores in Canada to modernize the rest of its remaining stores, and build new distribution centres.

    Is Walmart Closing Stores In 2022? (Not What You Think)

    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 now has a new opening hours. Some stores open from 7 to 11 pm, others close at 10.

    Walmart is getting rid of cashiers.

    Walmart will eliminate cashiers, and start self-checkouts. This will reduce wait times and help save you money. Walmart is also aiming to provide customers with more control over their shopping experience.

    If you want to know more, check out our posts on Walmart opening hours, Walmart returns hours, and Walmart selling alcohol at what hour.

  • Conclusion
  • Throughout 2020 and 2021, Walmart has resolved to close some of its brick-and-mortar stores due to a surge of online shopping, while other stores are temporarily being closed as a measure of refreshing, restocking, and sanitizing the stores.

    .Is Walmart Closing Stores In 2022? (Not What You Think)

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