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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 CET

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 2018 499 B
EBIT 2018 22 701 M
Net income 2018 12 127 M
Debt 2018 40 173 M
Yield 2018 2,03%
P/E ratio 2018 25,44
P/E ratio 2019 20,91
EV / Sales 2018 0,68x
EV / Sales 2019 0,66x
Capitalization 298 B
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Technical analysis trends WAL-MART STORES
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 103 $
Spread / Average Target 1,9%
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NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Jonathan Barker Chief Operating Officer
Brett M. Biggs Chief Financial Officer & Executive Vice President
Jeremy King Chief Technology Officer & Executive VP
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