Elk Grove Walmart Stores Escape Chopping Block

January 15, 2016 |

Local Walmart shoppers, as well as local economic development officials, can breathe a sigh of relief today after learning none of the retailing behemoth's three Elk Grove stores will be shuttered.

Earlier today the Bentonville, Ark-based retailing giant announced that it will be closing 269 stores, including 154 in the United States. There are three Walmart stores in Elk Grove including the newest on Whitelock Parkway and two on Elk Grove Boulevard, one of which operates under the Neighborhood Market banner.

According to the Associated Press, 95-percent of the American closures "are within 10 miles of another Walmart." In addition to the three Elk Grove locations, there are nearby stores in Galt, on Florin Road and a new Super Walmart on Gerber Road in Sacramento.

“Actively managing our portfolio of assets is essential to maintaining a healthy business,” Doug McMillon, President and CEO, Wal-Mart Stores, said. “Closing stores is never an easy decision, but it is necessary to keep the company strong and positioned for the future. It’s important to remember that we’ll open well more than 300 stores around the world next year. So we are committed to growing, but we are being disciplined about it.”

For Walmart, 2015 was not an especially good year. Aside from the ongoing negative press it has received regarding its labor practices, its stock price has been clobbered declining 29-percent in the last 12 months.

Among store closings in Northern California are locations in Oakland and San Jose. In total, about 16,000 workers will lose their jobs, including 10,000 in the United States. 

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