Wal-Mart Stores, Inc. (WMT: NYSE) today announced plans to close 269 stores in the U.S. and globally.The Encinitas Ranch store's customer traffic looks very poor, judging from the appearance of the parking lot and store aisles. Yet the store didn't appear on the list of closures.
In October 2015, the company said an active review of the portfolio was underway to ensure assets were aligned with strategy. Today’s action follows a thorough review of Walmart’s nearly 11,600 worldwide stores that took into account a number of factors, including financial performance as well as strategic alignment with long-term plans.
Friday, January 15, 2016
Encinitas Ranch Walmart escapes big round of store closures