By KATY JORDANAssociated PressAssociated PressWalmart on Tuesday unveiled its plan to improve its hot spot strategies, including a plan to close more than a quarter of its locations by the end of 2021.
Walmart said it will focus on reducing the number of people who visit each Walmart location.
It also will begin closing some stores that it said are too expensive or don’t have the right type of location to attract customers.
Wal-Mart said it is making the closures a priority, and it will work with the communities it operates in, as well as other retailers, to find locations that meet their needs.
The company will also work with communities to create a new hot spot.
WalMart will also spend more on education to help the stores’ workers and communities understand how to navigate the hot spots.
The move comes amid an intense debate over the state’s hot spots that have grown as the economy has slowed.
The nation’s largest retailer is currently losing $15 billion a year in revenue due to higher sales, and the company has said it can’t afford to close locations without a significant boost in profits.
Walter Jones, the CEO of Walmart, said the company will invest more than $3 billion to help communities create new hot spots to attract people, including opening new stores and renovating existing ones.