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Traditional Retail Is Facing Life And Death. WAL-MART Is Doomed.

2016/1/24 16:23:00 134

Traditional RetailRetail SalesMarket Prices

WAL-MART, the world's top retailer, is also unable to escape its fate.

A few days ago, WAL-MART announced the closure of 269 global stores, which is the largest number of WAL-MART stores in recent years.

Messi's department store, Carrefour and so on can be described as WAL-MART's "brothers and sisters".

In fact, with the impact of the electricity supplier, hypermarkets

Guan Dian

It is no longer a fresh word, but this time it is more violent than before.

According to Broadcasting British Corporation reported on January 16th, due to the competition of online retailers such as Amazon, WAL-MART announced on the 15 day it will close 269 stores worldwide.

It is understood that these stores will include 154 stores in the United States and 115 overseas stores, which will involve 16 thousand employees worldwide, including 10 thousand American employees.

The 269 closed stores, including small businesses in the US and other stores that failed to meet the expected profitability.

According to WAL-MART's statement, this is a decision made after a comprehensive assessment of about 11600 stores around the world to concentrate resources to better play the main formats of WAL-MART shopping plaza and Sam's member stores.

According to external estimates, the chain that will be closed will account for less than 1% of WAL-MART's global chain stores.

"But this represents a change of gravity in the world's largest retailer."

Neil Sanders, chief executive of Conlumino, a retail research firm, thinks Neil Saunders.

David Hick David Schick, an investment company's Stifel Nicolaus, also told investors that a series of initiatives indicate that WAL-MART is planning to relocate its business for a long time: "WAL-MART will focus more on the quality of its business rather than quantity."

Close the store, not only

Wal-Mart

In January 7th, Messi, the largest department store in the United States, announced that it would close nearly 40 retail stores across the United States and lay off 4800 people because of the weaker performance of the shopping season. Messi stores said the company's performance in 2015 was "disappointing".

Before these stores closed, there were about 770 stores in Messi's company.

Because of its poor performance, Carrefour Guangzhou Jinsha store, which has been in operation for 10 years, was closed on the last day of 2015.

According to Bloomberg January 15th, France is the largest.

Retailer

Carrefour chief financial officer said that in the past three years, Carrefour has closed 30 stores in Kunshan, Hefei, Jiaxing, Nantong, Xiaoshan, Ningbo, Foshan and other cities.

It is understood that Carrefour opened 17 new stores in China in 2015 and closed 18 stores.


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