Walmart Neighborhood Market in Vancouver, WA closing

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Super S
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Walmart Neighborhood Market in Vancouver, WA closing

Post by Super S »

https://www.columbian.com/news/2019/mar ... -april-19/

This store took over part of a former WinCo, and interestingly, has a Target in the same shopping center that is an original tenant to the center, which opened in the late 1980s.

The other Neighborhood Market store in Vancouver is at Fourth Plain and Grand, where a Fred Meyer Marketplace once stood. Walmart built a new store on the site after the Fred Meyer was demolished.
arizonaguy
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Re: Walmart Neighborhood Market in Vancouver, WA closing

Post by arizonaguy »

From the layoff.com it appears a total of 6 Neighborhood Markets are closing today.

Other stores are:

2657 Chandler, AZ

3025 San Jose, CA

3142 Marana, AZ

4628 Liberal, KS

5468 Morristown, TN

The two stores in Arizona are decently close to supercenters and weren't particularly high volume.
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Re: Walmart Neighborhood Market in Vancouver, WA closing

Post by Alpha8472 »

Groceries are a low margin business. Walmart makes their money off of general merchandise. Groceries will draw people in, but the profit is from the rest of the store.

Walmart should focus on their profitable regular stores.
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Re: Walmart Neighborhood Market in Vancouver, WA closing

Post by wnetmacman »

Alpha8472 wrote: March 21st, 2019, 3:14 pm Groceries are a low margin business. Walmart makes their money off of general merchandise. Groceries will draw people in, but the profit is from the rest of the store.

Walmart should focus on their profitable regular stores.
This is a somewhat correct quote. It would better read:

"Groceries are a low margin business. Walmart makes the bulk of their money off off general merchandise. Groceries will draw people in, but the bulk of the profit is from the rest of the store"

Walmart bet the farm on groceries starting in 1988 in Washington, MO. They wouldn't keep building Supercenters if groceries weren't profitable. They would stop selling them, and the traditional supermarket would continue to be boss. Walmart has heavily disrupted the supermarket industry. They don't do ANYTHING at a loss for a sustained period of time.
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