Walmart closing stores across multiple states
The retail giant has to make some changes that customers need to know about (including lowering some prices).
Even wildly successful chains shut down stores.
Most of the biggest retailers and restaurant operators allow leases to expire or simply shut down underperforming stores. This can happen due to population shifts, changing demographics in a market, or sometimes a more nefarious reason, like too much theft.
Related: Walmart has huge plan to take over new market
Walmart CEO Doug McMillon made it very clear during his company's fourth-quarter earnings call that the chain was healthy.
"As we look at our results for the quarter and the year, we're pleased to see, first, a healthy top line. We're strengthening our ability to serve people how they want to be served in the moment. That's what's driving our growth," he shared.
The CEO believes that customers been driven to Walmart (WMT) by inflation and rising prices elsewhere.
