Wal-Mart announced last week it will close 269 stores in the United States and across the world — including a Wal-Mart Neighborhood Market in Wauwatosa.
The Wauwatosa location is one of four in the Milwaukee area closing at the end of January; the other three include a Wal-Mart store in Milwaukee and neighborhood markets in Waukesha and Menomonee Falls.
The Wauwatosa location, 3850 N. 124th St., will close Jan. 28.
The 38,000-square-foot Wal-Mart Neighborhood Market — a new, smaller retail concept than the traditional Wal-Mart store — opened in June 2012.
Wauwatosa Now reported when the store first opened, it provided 80 full and part-time jobs.
The announcement of the closures comes three months after the company conducted a review of its nearly 11,600 worldwide stores. The review took into account a number of factors, including financial performance and strategic alignment with long-term plans. In total, the closing stores represent less than 1 percent of global revenue.
Of the stores closing, 154 are located in the U.S., including the company's 102 smallest format stores, Wal-Mart Express, which had been in pilot since 2011. Wal-Mart will close 115 stores outside the United States, including 60 in Brazil.
Approximately 16,000 associates will be impacted by the decision, about 10,000 in the U.S. More than 95 percent of the closed stores in the U.S. are within 10 miles on average of another Wal-Mart and the hope is that the affected associates will be placed in nearby locations.
'The decision to close stores is difficult and we care about the associates who will be impacted,' said Doug McMillon, president and CEO of Wal-Mart Stores, Inc. said in a statement. 'We invested considerable time assessing our stores and clubs and don't take this lightly. We are supporting those impacted with extra pay and support, and we will take all appropriate steps to ensure they are treated well.'
Meijer open nearby
Located approximately five miles from the closing Wal-Mart Neighborhood Market in Wauwatosa is Meijer, a supercenter that opened in August.
Situated at 11111 W. Burleigh St., Meijer offers products ranging from groceries to electronics to outdoors gear.