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Walmart National Building Contraction Includes Ladysmith
Walmart Adopting Direct Delivery Model
Bowling Green, Virginia January 3, 2018
Charles Culley, Jr., County Administrator
Walmart, Inc., in its effort to compete with other on line retailers, has decided to contract the number of stores it will build annually from hundreds to 25 a year. The decision to step away from physical stores also includes Caroline County’s Ladysmith store. No Walmart store is anticipated to be built at the Blackwood retail development on Rt. 639 known as Ladysmith Crossing.
The news of Walmart’s decision, while disappointing, comes as no surprise to industry watchers who have followed Walmart’s disengagement from developing more storefronts. Walmart in 2016 closed 269 existing stores and laid off sixteen-thousand employees. In 2017 Walmart announced deep cuts in its building plans. Some stores have been canceled in mid-construction as a result of the reversal in Walmart’s business model.
Perhaps most symbolic of Walmart’s decision to focus its business to on-line sales was the official changing of its name from, “Wal-Mart Stores Inc.”, to Walmart, Inc.
The elimination of the word, “Stores”, from Walmart’s corporate identity indicates a major shift away from providing a physical space for shoppers to on line shopping and product home delivery.
County Staff is consulting with Blackwood Development to arrive at a new plan for the retail site on Ladysmith Road. Blackwood has indicated that they intend to move forward with the project with modifications.
There has been no decision to change County plans to upgrade Rt. 639.
Gary R. Wilson
Director, Caroline County
Department of Economic Development & Tourism