6 Oklahoma Walmarts closing by the end of January
OKLAHOMA – Walmart announced Friday that six of their Oklahoma stores will close by the end of January.
By Jan. 28, 2016, Walmart says the following Oklahoma locations will shut their doors:
- #4633: 19250 E Hwy 66, Luther, OK
- #3756: 124 E. Columbia St., Okemah, OK
- #2456: 2310 West Main, Prague, OK
- #2462: 1600 West Hwy 66, Stroud, OK
- #3767: 812 N Clarence Nash Blvd., Watonga, OK
- #3766: 2324 Seran Drive, Wewoka, OK
The company said the stores it plans to close are generally poor performers, and most are within 10 miles of another Walmart. 154 of the locations are in the United States, two-thirds of which are the smaller “Walmart Express” stores. Only 12 U.S. Walmart Supercenters will close, along with four Sam’s Club stores.
Of the 16,000 associates — or employees — to be affected, 10,000 will be in the United States. The company aims to place those associates in nearby Walmarts.
But when that’s not possible, Walmart said it will provide the laid-off associates with 60 days worth of pay as well as resume and interview skills training.
The retail sector struggled mightily, and shares of Walmart fell 30%, last year.
Walmart had been reviewing the performance of its stores since October.
“Closing stores is never an easy decision, but it is necessary to keep the company strong and positioned for the future,” said Doug McMillon, Walmart’s CEO.