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
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Walmart is closing stores in economically poor areas in Los Angeles County.
ReplyDeleteAnd they're closing the express stores and some markets. Our store does seem to be under-performing, but who knows. Tough to compete with the Target...
ReplyDeleteAt the store opening ribbon-cutting ceremony, Stocks ran through a side door into the store rather than face a small, but hostile crowd. Gaspar was there with her then-small children as buffer against upset residents. She hurried away in the face of newspaper reporters trying to ask her questions.
ReplyDeleteOne Walmart worker ran up to a small group of residents, said "You wouldn't believe what went on behind closed doors to get this store approved, then ran off.
Too bad it doesn't close. It should never have gone in, in the first place.
It wasn't a newspaper report she hussled away from. It was an uppity citizen's camera phone. Its fine where it is next to Carlsbad's high horse plaza. Count your blessings it isn't where many wanted it on Quail Gardens Drive.
ReplyDelete"Uppity?" That's funny.
DeleteWe have different recollections of the encounter. Either way, she should be able to address as an issue without running away.
And "many" who? Not your average resident, that's for sure. The few who stood to gain personally, of course.
2:27, Anne Omsted's crowd (which was not small) wanted Wal Mart on QGD but wanted the library there first to get the foot in the door on zoning changes for a new commercial corridor in town. Wal Mart had their eye on that territory as did other big boxes.
DeleteAnd certain property owners, natch.
DeleteCOE enter into an agreement with the ACLU to allow year round political signs and pay ACLU $59,000. But what is the real cost?? How much did Sabine bill the city for his losing time and efforts??
ReplyDelete1:21, Here's my memory of Stocks coming in the side door.
ReplyDeletehttps://www.youtube.com/watch?v=by01M0yf_jQ
Which stores did Walmart run out of town in the last 4 years? Papa Johns, 7-11, El Callejon or Go Pro?
ReplyDeleteWhat a stupid "argument." Everyone knows those are not Walmart's competition, including you, 5:58.
DeleteI hate Walmart and will never shop there. I hope they leave.
ReplyDeleteWe do get to thank 'his lowness' for having a 'sprawlmart' in our town.
ReplyDeleteIf anyone wonders why some are so adamant against this business, please find and watch the documentary 'The High Cost of Low Prices' and you too will learn more than you ever knew about how this company operates and screws town after town in their pursuit of selling low cost items produced by slave labor in the third world.
This includes China, which some might conclude, is not third world but their production practices surely are. There is so much more that could be said but lets keep it short for those of limited attention spans.
Walmart offers Encinitas residents the most affordable organic produce in all of Encinitas and hires tons of low-income residents. One piece of news this past weekend from the Bay Area suggests a big minimum-wage hike could cost low-skilled workers their jobs.
ReplyDeleteWalmart closed its Oakland store amid speculation that the city’s $12.55 minimum wage played a role. Oakland City Councilman Larry Reid told The Chronicle the city’s wage law was a factor in the closure. It’s hard to think otherwise when Oakland was one of 269 stores slated to be shuttered across the country, while in nearby San Leandro, where the $10 state wage floor prevails, two stores will remain open for business. The Washington Post reported last week that Walmart was withdrawing plans to build two superstores in the nation’s capital. A city councilman told the Post that behind closed doors Walmart blamed D.C.’s minimum-wage rules (currently $11.50 per hour, but the wage could rise to $15 if voters pass a ballot measure).
*RED ALERT* The takeover of Encinitas by juice and not orange juice. Encinitas Library renamer is a HUGE supporter of racist and apartheid Israel and just paid to have a library built in his name in the illegally occupied Palestinian territories thus further expanding the ethnic cleansing of Palestinians off their own land. See the You Tube video titled 'The Steven & Patricia Mizel Library- dedication' or plug this in: https://youtu.be/bYJZS0n6LVk
ReplyDelete