REPORTS OF THE DEATH OF THE BIG BOX STORE ARE PERHAPS EXAGGERATED, OR AT LEAST PREMATURE?
I don’t care what happens to Walmart. Really, I don’t. As someone who is interested in land use law, however, I can’t help commenting on the recent announcement that Walmart is closing 154 stores in the United States.
The announcement seems to me to be a lot less significant that it was made to sound. According to news accounts, out of the 154 stores to be closed, 102 are Walmart Express stores. Those stores apparently represent a fairly recent foray by Walmart into opening smaller stores in urban areas. Another 23 of the stores slated for closure are Neighborhood Market stores, which is also a more recent, smaller format than the typical Walmart.
Only 12 of the stores slated for closure are “supercenters,” and 4 are Sam’s Club stores. I don’t know how many “supercenters” there are, but I doubt that 12 is a significant percentage.
In other words, it looks like Walmart expanded those new, smaller formats too fast and is now pulling back. It doesn’t mean that the big box store is dead.
Via The Federalist.
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