Walmart is closing stores but it is not why you think
Walmart (WMT), America’s Big Box Store, is in the process of shutting down some stores.
Walmart is in the process of shutting down around 17 stores but it is not because of the reasons you may think. They have too many stores within a close radius to one another…in essence…..they are competing with each other and that for obvious reasons just makes sense to shut them down! I applaud them for actually coming to this realization and think they may just outlast other retail chains as long as they stay ‘alert’ and ‘informed’ to things like this.
Walmart also joined in the ecommerce game a few years ago by allowing other vendors to sell on their website, just like Amazon, and I believe that has been growing the Big Box Giant’s online sales and profitability.