Walmarts are closing across the country – and retail experts say the cuts are signals of a bleak future for shoppers.
The multi-million dollar corporation has closed nine stores so far this year, which could be a warning sign for other retail giants.
Walmart, which operates 5,000 stores in the US, is also reportedly laying off hundreds of corporate employees as the company urges remote workers to come into work.
Retail analyst Neil Saunders told Yahoo that Walmart’s closures in 2016, captured by retail photographer Nicholas Eckhart, were the beginning of a pattern in store cuts.“The blunt truth is that while stores remain a vital part of the retail mix, they are not quite as relevant as they used to be,” the expert told the outlet.“Walmart’s decision is part of a larger shift that will be played out across all parts of the retail sector over the coming year and beyond.”Saunders’ prediction […]
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