Walmart is closing 22 retail locations across the United States this year as part of a broader effort to cut underperforming stores. The company said the decision is based on “poor financial performance at each” location.
Among the closures are four stores in Chicago, highlighting challenges in some major urban markets. These shutdowns reflect Walmart’s focus on profitability rather than store count, even in areas with high population density.
The company also confirmed a new closure in Richmond, Virginia. On Monday, Walmart announced that its Brook Road Neighborhood Market will shut down on July 28, adding to the growing list of affected locations.
In a statement, Walmart acknowledged the community impact, saying, “We are grateful to the customers who have given us the privilege of serving them at our Brook Road Neighborhood Market location.” The company emphasized appreciation rather than detailing future plans for the site.
An image from August 15, 2022, shows the Walmart logo outside a store in Burbank, California, underscoring the brand’s nationwide presence even as it reduces its physical footprint. Overall, the closures signal a strategic shift as Walmart reassesses which locations can meet its financial expectations.