A Massive US Grocery Is Now Closing An Unexpected Location

A massive US grocery is now closing an unexpected location after shutting down 22 stores recently, the company confirms.

Low profitability has Walmart shutting down some stores, with one’s full closing date steadily approaching, reports The-Sun.

The Walmart located on South High Street in Columbus Ohio closed down on February 16.

But it’ll close its doors officially on March 4 when it bids farewell to the last open part of its store — the pharmacy.

This comes after locations in San Diego and El Cajon, California, which is located about 16 miles from San Diego, shut on February 9 as previously reported by The U.S. Sun.

While the retailer has suffered 22 closures in the past year, it’s now seen three stores shutter their doors in just weeks.

The closing of the Columbus, Ohio location was “not made lightly” according to a letter penned by Walmart to the Mayor of Columbus.

The retailer said the decision was made after a careful and thoughtful review process.

“While our underlying business is strong, this store hasn’t performed as well as we hoped, and we made the decision to not renew the lease,” the company wrote.

The announcement came days before the store’s closing and employees only found out about the news on February 2.

But, the store’s roughly 180 workers have months to search for jobs at other locations.

Employees have until May 3 to get a job at another Walmart and if they fail to do so, they’ll be terminated, reports The-Sun.

However, concerned shoppers should note that there are at least ten other Walmart stores in the Columbus area. 

Despite the closures, Walmart recently announced expansion plans.

The company is expected to open 150 new or expanded locations and renovate hundreds of others.

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Also Read: This Massive Restaurant Is Now Closing 41 Locations

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Market News Today - A Massive US Grocery Is Now Closing An Unexpected Location.
Market News Today – A Massive US Grocery Is Now Closing An Unexpected Location.

A bankrupt department store now has a massive liquidation sale up to 70% as it prepares to close its final location in New Jersey.

Sears is closing its final location in New Jersey on Sunday, March 3, reports The-Sun.

The iconic department store chain will soon have just 11 mainland US stores left, the outlet reports.

Situated in Jersey City’s Newport Mall, the closing location is the only Sears store serving New York City residents.

The closest remaining Sears for NYC shoppers will be 227 miles away in Braintree, Massachusetts.

Sears has served as the anchor store for Newport Mall since it opened in 1987.

Rumors have it that Primark, the Irish discount clothing and home store, could take its spot, as per CNN.

Sears announced the closure of its Newport mall store via Facebook.

In a post, it told shoppers that “everything” would be between 25% and 75% off.

Sears and K-Mart are both owned by Transformco.

They have been on a rapid decline since their peak in 2005, at which point they had a combined 3,500 stores.

Under the ownership of billionaire Eddie Lampert, sales have dramatically slowed as Sears has failed to keep up with competitors in the online space.

By 2018, Transformco filed for bankruptcy.

Although the retailer survived bankruptcy with 223 Sears stores in tact, all but 11 in the continental US and one in Puerto Rico have since closed.

Sears is not the only mall staple struggling to survive.

JCPenney is also holding liquidation sales at its anchor store at the Crystal Mall in Waterford, Connecticut.

Since filing for bankruptcy in 2021, it has closed a total of 175 locations.

However, the retailer has vowed to spend $1 billion remodeling its existing stores by the end of 2025 to stop shoppers from turning away.

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Also Read: A US Company Now Declares An Unexpected Bankruptcy

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Market News Today - A Massive US Grocery Is Now Closing An Unexpected Location.
Market News Today – A Massive US Grocery Is Now Closing An Unexpected Location.

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3 Comments

  1. Link Building Services 1K

    You’ve done a stellar job breaking this down.

  2. Frank Nez

    Leave your thoughts below.

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