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Featured Article filed under Independent Business | Written by Stacy Mitchell | No Comments | Updated on Feb 17, 2016

With 269 Stores Closing, Is this the Beginning of the End for Walmart?

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/with-269-stores-closing-is-this-the-beginning-of-the-end-for-walmart/

All great retail empires eventually fall. A&P did. So did Montgomery Ward. But Walmart’s recent announcement that it would close 269 stores may not be an initial stumble on a path toward demise so much as a move to abandon communities that it has decided simply aren’t worth the trouble. We look at both the bad and the good fallout from Walmart’s pullback, and how its closures are best explained as a side effect of its main strategy for dominating the economy: overbuilding regions to the point of not just destroying competition but cannibalizing its own sales, while communities bear the consequences. Continue reading