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WAL-MART STORES (WMT)
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Wal Mart Stores : Walmart Supercenter in Sacramento slated to close Feb. 9

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01/14/2018 | 02:07am CEST

Jan. 13--Wal-Mart Stores Inc. confirmed Saturday that it will close its Walmart Supercenter in Country Club Centre in Sacramento, just two days after announcing the upcoming closure of its Sam's Club store in the same shopping complex.

In an email, Wal-Mart spokeswoman Delia Garcia said the Walmart store at 3460 El Camino Ave. will close Feb. 9. The store pharmacy will close Jan. 30.

Garcia said the retailer "will be working with associates to identify potential transfer opportunities to other Walmart facilities. Associates who are not able or choose not to transfer to another location will receive severance, if eligible."

She added that Wal-Mart plans to transfer customer prescriptions to the Walmart store at 4675 Watt Ave. in North Highlands "or a pharmacy of their choice."

On Thursday, Wal-Mart said it would close 63 of its 660 Sam's Club stores nationwide, including the store at 3360 El Camino Ave., in Sacramento. That store is scheduled to close Jan. 26.

Garcia said the retail giant leases both Country Club Centre buildings.

The two local closures are expected to affect more than 200 part- and full-time workers.

The Sam's Club national move was characterized as a streamlining measure, eliminating some stores operating in the same vicinity as other Sam's Club stores.

The list of Sam's Club closures reported by Wal-Mart also included three other California stores: one in City of Industry in Los Angeles County, another in Sylmar just north of central Los Angeles and a Sam's in Stanton in western Orange County.

Mark Glover: 916-321-1184, @markhglover

___

(c)2018 The Sacramento Bee (Sacramento, Calif.)

Visit The Sacramento Bee (Sacramento, Calif.) at www.sacbee.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2019 515 B
EBIT 2019 21 871 M
Net income 2019 9 223 M
Debt 2019 48 921 M
Yield 2019 2,19%
P/E ratio 2019 34,50
P/E ratio 2020 20,40
EV / Sales 2019 0,63x
EV / Sales 2020 0,61x
Capitalization 278 B
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Number of Analysts 34
Average target price 104 $
Spread / Average Target 8,8%
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Managers
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Brett M. Biggs Chief Financial Officer & Executive Vice President
Jeremy King Chief Technology Officer & Executive VP
Clay Johnson Enterprise Chief Information Officer & EVP
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