Walmart Closing Altadena Neighborhood Market

Written by Bea Karnes and Greg Hambrick, Patch Editors
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Walmart announced today that it’s closing 269 underperforming stores, including the Altadena Neighborhood Market located at 2408 Lincoln Ave.

The retail giant will eliminate 10,000 jobs with the closures.

All 102 Walmart Express locations will be closed, as well as 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers, and four Sam’s Clubs.

The company will assist the 10,000 U.S. employees impacted by the closed stores. The first option will be attempting to relocate the employees to nearby locations.

“Closing stores is never an easy decision, but it is necessary to keep the company strong and positioned for the future,” said Doug McMillon, Wal-Mart Stores president and CEO. ”It’s important to remember that we’ll open well more than 300 stores around the world next year. So we are committed to growing, but we are being disciplined about it.”

Walmart will open 50 to 60 Supercenters and 85 to 95 Neighborhood Markets in the next year. Sam’s Club plans to open in at least seven new locations.

Globally, Walmart employs 2.2 million people.