RIP, Walmart Express - Bloomberg Gadfly

RIP, Walmart Express - Bloomberg Gadfly: "Walmart's decision to shutter its Express stores does not bode well for a company with few prospects for growth. The retailer, which already brings in half a trillion dollars of annual sales, announced 269 store closures Friday, with an added surprise: 100 or so of those will be its smaller Express stores, modeled after convenience stores. 
CRUMBLING PRICE

And just like that, one of Walmart's only avenues for growth was closed at a time when its two other growth prospects -- international expansion and online sales -- are slowing. Shares dropped by 2 percent."



'via Blog this'