According to a statement released by Walmart on January 15, 2016, 154 of its stores will be closing throughout the United States. This news comes after a review of the company’s global portfolio last quarter and will include 269 stores world-wide. The list of closures include eight in Louisiana, of which two are Neighborhood Walmart Centers that serve the Kentwood and Independence communities. According to an interview with Walmart Today, an online blog for the company, Walmart’s President and CEO, Doug McMillon explains that the plan behind the store closures “is focused on winning with stores, deepening [Walmart’s] digital relationship with customers and enhancing capabilities through technology and data, a next generation supply chain and talent.” The closures include all 102 of the company’s Walmart Express stores, 23 Neighborhood Markets, 12 Supercenters, 6 discount stores, and 4 Sam’s Clubs. Based on the available information to the public, the closings have little to do with the performance of the individual stores, but are rather a consolidation of the company’s assets to increase overall profitability through supply-chain management.
The two Tangipahoa Parish stores were opened in 2015 and employed approximately 30 people each. The two stores are set to officially close their doors on January 28, 2016.
A full list of the store closings can be found at www.walmart.com