The Arkansas-based retail behemoth reported that the 20-year-old Walmart site was “financially failing.”
The Everett Walmart on Highway 99 will close next month.
Walmart says that the Everett Highway 99 store will close on April 21.
Tuesday, the retail behemoth announced in a statement that the site did not fulfill “financial objectives.”
The 147,000-square-foot shop on the west side of the freeway between 112th Street SW and Center Drive opened in 2006.
The shop employs 198 individuals. According to the firm, all employees are eligible to transfer to other Walmart sites.
It ceases operations on April 21.
David Long, who was shopping there on Tuesday, attributed the shutdown on municipal officials’ failure to handle the area’s homeless population.
Long stated, “The failure of the municipal government to address homelessness is to blame.”
Some shrugged and stated that they would shop elsewhere. Rafael Castillo, an Everett resident, hopes to shop at a Walmart location closer to him.
At the south end of the store’s parking lot is a strip mall including many shops, including Malek Barber Shop, Smoke King, the Tepeyac restaurant, and Oasis Nails.
Smoke King’s manager, Niket Thapa, was dismayed to hear that Walmart will be shutting.
Thapa stated, “This is not favorable for us.” The majority of our clients come from there, he remarked of the business.
Thapa wished that the soon-to-be-vacant building would be occupied by Target or another major retailer.
The facility’s usage will be reevaluated at a later date, according to Walmart, the property owner.
According to the Snohomish County Assessor, the property is owned by the Walmart Real Estate Business Trust.
The Walmart in Everett on Highway 99 has announced it will close on April 21.
The business headquartered in Bentonville, Arkansas will continue to run the Walmart Supercenter located at 1605 SE Everett Mall Way.
In addition to operating stores and supercenters in Lynnwood, Marysville, Arlington, Monroe, and Oak Harbor, Walmart also has locations in these cities. Supercenters are often larger than the company’s standard stores, with an average size of around 190,000 square feet.
“We are appreciative to the clients who have allowed us to serve them at our 11400 Highway 99 site in Everett. We look forward to servicing them at our other shops in the neighboring towns and on walmart.com,” said Walmart’s Western U.S. director of communications, Lauren Willis.
Each year, Walmart regularly shuts a few of shops.
The firm announced earlier this year that it will be closing eight retail sites throughout the United States due to poor financial performance.
The company runs almost 5,000 locations in the United States, including sixty-five in the state of Washington.
“Unfortunately, some do not fulfill our budgetary requirements. “Although our business as a whole is healthy, some stores have not fared as well as we had intended,” the firm stated.