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Los Angeles Los Angeles

Walmart has announced plans to shutter several stores across the US, but a new report analyzing foot traffic from Placer.ai shows that the store closures are likely a move to maximize location impact rather than a sign of instability. Walmart is overexposed in some markets, and in some ways, it is creating a cannibalization effect. Closing stores could reduce costs without impacting the store’s consumer reach.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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