A Walmart in Derby will close at the end of July.
On Wednesday, the Director of Corporate Communications for Walmart Phillip Keene said the company decided not to renew its lease with the store on New Haven Avenue.
The following factors for the closure include “financial performance as well as strategic alignment with long-term plans.”
The Walmart will close on July 29.
“Closing stores is never an easy decision, but it is necessary to keep the company strong and positioned for the future. As a company, we continue to be in growth mode and this year we have already opened dozens of stores,” Keene said in an announcement on Wednesday.
Keene said Walmart plans to take care of the employees impacted by this decision.
“We have a strong track record of finding jobs for associates who want to transfer to nearby stores,” Keene said.
There are three stores within 10 miles of Derby, Shelton, Milford and West Haven. Derby store employees will be able to transfer to one of those stores in the coming weeks or months.
“We have been in touch with local officials and they are aware of our plans. We will continue to work closely with them throughout this process,” Keene said.
News of the closure comes two months after the Walmart neighborhood market in West Hartford closed due to poor sales.
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