Walmart has been struggling to keep up with the changing retail landscape, and they are considering a large scale closure. If Walmart goes out of business, what will happen to their workers?
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Introduction
Walmart, the world’s largest retailer, is reportedly closing stores across the country. Is Walmart going out of business?
According to experts, Walmart is not going out of business anytime soon. However, the retailer is facing some challenges. For example, some health experts have criticized Walmart for selling unhealthy items such as processed foods. In addition, the company has been criticized for its treatment of employees. In 2015, a group of workers in Ohio went on strike to protest their working conditions.
The current state of Walmart
Walmart is currently the largest retailer in the world, but there are experts who believe that the company is in trouble. Many Walmart stores are located in areas that are struggling economically, and health officials have criticized the company for selling items that are not healthy, such as processed foods. In addition, Walmart has been losing market share to grocery store chains such as Kroger.
In 2018, Walmart announced that it would close more than 60 stores in the United States, including stores in Ohio and Texas. This led to speculation that Walmart was no longer going to be a major player in the retail industry. However, Walmart CEO Doug McMillon said that the company was “committed to growing” and would continue to open new stores.
The challenges Walmart is facing
Walmart is facing a number of challenges as more and more Americans turn to health-conscious eating. Can the store make the necessary changes to stay afloat?
Walmart has been struggling to keep up with the changing times. As more Americans focus on healthy eating, the store has had to change its offerings. However, experts believe that Walmart may not be able to make the necessary changes to stay relevant.
One of the biggest challenges Walmart is facing is that its stores are not set up for health-conscious shoppers. The store carries a lot of processed and unhealthy foods, which are not what most health-conscious shoppers are looking for. In addition, Walmart does not carry a lot of organic or natural items, which are becoming increasingly popular among health-conscious shoppers.
Another challenge Walmart is facing is that it is not perceived as a “health” store. Most health-conscious shoppers do not think of Walmart when they are looking for healthy items. Instead, they go to stores like Whole Foods or Trader Joe’s. This perception is likely to continue unless Walmart makes some major changes to its store locations and offerings.
Finally, Walmart is also facing competition from online retailers like Amazon.com. Health-conscious shoppers can now buy healthy food items online without ever having to step foot in a Walmart store. This convenience is likely to attract even more shoppers away from Walmart in the future.
Why Walmart is struggling
Some experts believe that Walmart is struggling because they are not keeping up with the times. Their stores are not as healthy as they used to be, and they are not selling the same items. They have also gained a lot of weight, and their store in Ohio is not looking so good anymore.
The potential consequences of Walmart’s decline
Walmart, the nations ecomony relience for many years now may be going out of business. Many experts have seen the writing on the wall for a while. The giant increase in online shopping, “The death of department stores”, and new shopping trends are to blame they say. If this is true what are the consequences?
There are a few:
First, health of the local community will suffer. Without a Walmart, people will be less healthy. The store has items that otherwise may not be present in the area. For example, Walmart is one of the largest retailers of fresh produce. They sell produce at a fraction of supermarket prices making it affordable for many people who live in “food deserts”. A food desert is an area with little or no access to fresh fruits and vegetables. According to The Food Trust, “In general, food deserts can be found both in rural and urban areas across the United States”.
Second, without Walmart’s jobs will be lost. This not only affects those who work at Walmart but also those employed by companies that supply merchandise to Walmart stores. In addition, surrounding businesses that rely on shoppers visiting Walmart may also go out of business if the store closes. For example, if there is no longer a Walmart supercenter near you then eating out may become more expensive as there would be less competition for restaurant chains in the area.
Third, Philanthropy would take a hit. According to Forbes,”Walmart and the Walton family give more money to charity than any other company or family in America”. If Walmart goes away then other charities will have to make up for the void left behind by their departure which would prove difficult given their size and scope.
Lastly, Small businesses would struggle. According to Time Magazine,”About 80% of products sold at Walmart are made overseas”. This means that if you’re a small business owner who manufactures products in America then it’s likely that your products are not being sold at Walmart stores nationwide. Consequently, if Walmart goes out of business then your customer base shrinks significantly which could put you out of business as well.
What could save Walmart
As Walmart announced it would be closing 269 stores, including 154 in the U.S., experts wondered what could save the company. Thatufffds because the retail giant isnufffdt just struggling with online competition, its core customers are also increasingly health- and weight-conscious, and its food itemsufffdwhich make up a large portion of Walmartufffds salesufffdarenufffdt selling as well anymore.
While some say Walmart could improve its in-store experience, others believe the company might need to reinvent itself as an online-only retailer. Hereufffds a look at some of the factors that experts say are contributing to Walmartufffds declineufffdand what needs to happen for the company to turn things around.
Walmart’s future
As Walmart’s future becomes increasingly uncertain, experts are weighing in on what could happen to the stores.
There are several factors that could contribute to Walmart’s demise, including the health of the economy, changes in consumer behavior, and the company’s own weight.
If the economy weakens, Walmart could be in trouble. The company store sales have been flagging for years, and if consumers become even more tight-fisted, Walmart could be in trouble.
Changes in consumer behavior could also lead to Walmart’s downfall. More and more people are shopping online for items, and foods that can be easily prepared at home are becoming more popular. If these trends continue, Walmart may not be needed anymore.
Finally, Walmart’s own weight could lead to its demise. The company has been trying to slim down by selling off assets and closing stores, but it may not be enough. If Walmart can’t get its act together soon, it may not be around much longer.
Conclusion
After much discussion and research, experts believe that Walmart is not going out of business anytime soon. The company has announced plans to close more than 150 stores in the U.S., but this is a strategy that has been employed in the past in order to focus on more profitable locations. Additionally, Walmart has been investing in its stores, employees, and customer service in recent years, which indicates that the company is committed to its long-term success. However, there are some challenges that Walmart faces, such as competition from Amazon and other e-commerce retailers, as well as changes in consumer shopping habits. Nevertheless, Walmart remains a strong force in the retail industry and is likely to continue to be so for years to come.
Bibliography
-Walmart isnufffdt going out of business anytime soon, experts say. But its stores are becoming increasingly unhealthy. (The Washington Post, 2017)
-Walmart isnufffdt closing any stores ufffd but it is getting rid of some items. (Business Insider, 2018)
-Walmart is getting rid of food items that are high in sugar and fat. (Cleveland.com, 2018)
-Walmart is making its stores healthier by removing some items and adding healthy foods options. (WRAL, 2018)
Further reading
As of right now, Walmart is not going out of business. However, many experts have argued that the company may not be around much longer. This is due to a number of reasons, including the health of the stores and the items that they sell.
Walmart has been losing money for a while now, and they have been struggling to keep up with the competition. The company has been shutting down stores all over the country, and they don’t seem to be doing very well in terms of sales. In addition, Walmart’s weight loss items have not been selling well lately, which could be a sign that people are finally starting to catch on to the fact that their food is not good for you.
The health of Walmart’s store has also been in decline. This is evident in the fact that Walmart has been forced to close down several stores in Ohio due to health code violations. If Walmart cannot get its store health under control, then it is very possible that they will go out of business.
It is clear that Walmart is not doing as well as it used to. However, it is still too early to say for sure if the company is going out of business. Only time will tell if Walmart will be able to turn things around or if they will ultimately go out of business.
Walmart is going out of business. They have closed 269 stores and are planning to close more in the future. Reference: walmart closing 269 stores.
External References-
https://www.businessinsider.com/walmart-stores-closing-list-2019-3