{"id":1145,"date":"2016-01-17T18:25:56","date_gmt":"2016-01-17T23:25:56","guid":{"rendered":"http:\/\/smithreports.com\/eatshopgo\/?p=1145"},"modified":"2016-01-17T18:25:56","modified_gmt":"2016-01-17T23:25:56","slug":"walmart-ditches-express-and-lagging-stores","status":"publish","type":"post","link":"https:\/\/smithreports.com\/eatshopgo\/2016\/01\/17\/walmart-ditches-express-and-lagging-stores\/","title":{"rendered":"Walmart ditches Express and lagging stores"},"content":{"rendered":"<p>There&#8217;s a big bag of woe in retail as the third major merchant in little more than a week announces store closings.<\/p>\n<h2><a href=\"http:\/\/www. walmart.com\">Walmart<\/a> says it will close 269 stores in 2016, as the world&#8217;s largest\u00a0tries to improve\u00a0its finances.<\/h2>\n<p><a href=\"http:\/\/smithreports.com\/eatshopgo\/wp-content\/uploads\/2016\/01\/images1.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1146\" src=\"http:\/\/smithreports.com\/eatshopgo\/wp-content\/uploads\/2016\/01\/images1.jpeg\" alt=\"images\" width=\"260\" height=\"194\" \/><\/a>Most of the underperformers are sited\u00a0within 10 miles of another Walmart. Of the stores on the chopping block, 154 locations are in the United States; two-thirds of those\u00a0are the smaller &#8220;Walmart Express&#8221; stores, a pilot program that failed to get off the ground.<\/p>\n<p>Only 12 U.S. Walmart Supercenters will close, along with four Sam&#8217;s Club stores. Most of the foreign closings will be in Brazil.<\/p>\n<p>Of the 16,000 employees impacted, 10,000 work in U.S. stores. The company plans\u00a0to place those workers\u00a0in nearby Walmarts. Employees who don&#8217;t find a place will get 60 days&#8217; severance and training in job hunting.<\/p>\n<p>Walmart\u00a0stock swooned 30 percent last year in tough times for retailers. <a href=\"http:\/\/www.macys.com\">Macy&#8217;s<\/a> and <a href=\"http:\/\/www.kmart.com\">Kmart<\/a> also recently announced significant store closings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There&#8217;s a big bag of woe in retail as the third major merchant in little more than a week announces store closings. Walmart says it will close 269 stores in 2016, as the world&#8217;s largest\u00a0tries to improve\u00a0its finances. Most of &hellip; <a href=\"https:\/\/smithreports.com\/eatshopgo\/2016\/01\/17\/walmart-ditches-express-and-lagging-stores\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[33,32],"tags":[584,595,534,180,102],"class_list":["post-1145","post","type-post","status-publish","format-standard","hentry","category-go","category-shop","tag-closing","tag-express","tag-kmart","tag-macys","tag-walmart"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2zjZK-it","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/smithreports.com\/eatshopgo\/wp-json\/wp\/v2\/posts\/1145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smithreports.com\/eatshopgo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smithreports.com\/eatshopgo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smithreports.com\/eatshopgo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smithreports.com\/eatshopgo\/wp-json\/wp\/v2\/comments?post=1145"}],"version-history":[{"count":1,"href":"https:\/\/smithreports.com\/eatshopgo\/wp-json\/wp\/v2\/posts\/1145\/revisions"}],"predecessor-version":[{"id":1147,"href":"https:\/\/smithreports.com\/eatshopgo\/wp-json\/wp\/v2\/posts\/1145\/revisions\/1147"}],"wp:attachment":[{"href":"https:\/\/smithreports.com\/eatshopgo\/wp-json\/wp\/v2\/media?parent=1145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smithreports.com\/eatshopgo\/wp-json\/wp\/v2\/categories?post=1145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smithreports.com\/eatshopgo\/wp-json\/wp\/v2\/tags?post=1145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}