Walmart closing several underperforming stores
Walmart said it would take lessons it learned from its pick-up concept stores and apply it to its pick-up and delivery offerings across its stores. As Insider reported, Walmart opened its first pick-up-only store in 2014 near its Arkansas headquarters. With the two Illinois stores closing, the retailer won’t have any more of the concept stores left.
Walmart operates nearly 5,000 stores nationwide, and is in the process of testing a new store design, rolling it out to more flagship stores, Retail Leader reported in January. The new design includes more interactive displays in departments such as home, store-within-a-store concepts, increased space inside the store, more merchandising focused on optimized storytelling and increased digital touchpoints.
Walmart’s total revenue was up 8.7% in the third quarter of last year. The mass merchant will release its fourth-quarter earnings later this month.