Data suggests Walmart's biggest reason for store closures could be itself [DailyFinance (AOL.com)]
Walmart Inc. (WMT)
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Source: DailyFinance
AOL Logo Data suggests Walmart's biggest reason for store closures could be itself Share Donovan Russo Jun 17th 2019 7:36PM Walmart ( WMT shutting down 17 stores in the and Canada But recent data suggests the retail giant’s main reason for downsizing isn’t another competitor — but 5,000 combined retail locations in the U.S. alone. That finding was made by data analytics firm Placer, For example, Placer data found that a supercenter in Dallas — among the first closures announced — had solid foot traffic in the first quarter, but was competing directly with two other Walmart stores. “In a normal situation, one would expect to see underperforming stores suffer from a significant drop in foot traffic. Yet, the Dallas location was actually operating at fairly normal levels,” Placer said. Similarly in Louisiana, a “Walmart’s strength has led to a rapid expansion of stores throughout the country, that in some cases, ended up putting stores into direct competition,” Pacer’s analysts wrote. “
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