Raleigh Hills, Lake Oswego stores among Walmart closures - KPTV - FOX 12

Raleigh Hills, Lake Oswego stores among Walmart closures

Posted: Updated:
PORTLAND, OR (KPTV) -

Walmart executives announced they are closing 154 stores in the United States, leaving 10,000 workers without a job.

The Walmart Neighborhood Market has been open in the Raleigh Hills neighborhood of Portland for about three years, but it will close its doors for good on Sunday night.

Company leaders say they have to downsize to remain successful, and some local customers saw it coming.

Bill Bushman lives in Raleigh Hills and this Walmart market has become a regular stop on errand day.

But with three other major grocery stores nearby, Bushman thinks Walmart was over confident, and he is not surprised it’s closing.

“You know, they think they’re going to make a profit, but then - Haggen,” he said. “You see what happened to Haggen. It happens, just part of the business cycle.”

The Raleigh Hills store and one in Lake Oswego are the only two locations Walmart is closing in Oregon or Washington.

Employees are not allowed to talk to the media, but company officials have stated they hope to absorb the staffers at other Walmart stores or give them job search tools and severance packages if they qualify.

A written statement from Walmart CEO Doug McMillon claimed that the company sees this as the right decision, and noted the company was not simply closing stores but opening new shops in some locations.

“Closing stores is never an easy decision, but it is necessary to keep the company strong and positioned for the future. It’s important to remember that we’ll open well more than 300 stores around the world next year. So we are committed to growing, but we are being disciplined about it.”

Some shoppers wonder what businesses closed when this Walmart opened.

“They take over the market to where smaller businesses suffer and go out of business,” customer Herb Kanne said. “Then, they see that the model doesn’t work.”

While the Raleigh Hills store closes this weekend and the Lake Oswego property will close on January 28, a brand new Walmart Neighborhood Market is just about to open in Hillsboro.

Copyright 2016 KPTV-KPDX Broadcasting Corporation. All rights reserved.

Powered by Frankly
FOX 12
Powered by WorldNow CNN
All content © 2018, KPTV-KPDX Broadcasting Corporation, Portland, OR . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.