walmart and target are big - box stores.
walmart and target are big - box stores.
what kind of stores are walmart and target?
big - box stores
for many years, it was common for retailers to open at 6:00 a.m., but in the late 2000s many had crept to 5:00 or 4:00. this was taken to a new extreme in 2011, when several retailers (including target, kohl's, macy's, best buy, and bealls) opened at midnight for the first time. in 2012, walmart and several other retailers announced that they would open most of their stores at 8:00 p.m. on thanksgiving day, prompting calls for a walkout among some workers. in 2014, stores such as jcpenney, best buy, and radio shack opened at 5:00 pm on thanksgiving day while stores such as target, walmart, belk, and sears opened at 6:00 pm on thanksgiving day. three states, rhode island, maine, and massachusetts, prohibit large supermarkets, big box stores, and department stores from opening on thanksgiving, due to what critics refer to as blue laws. the massachusetts ban on forcing employees to work on major holidays is not a religion-driven "blue law" but part of the state's common day of rest law. a bill to allow stores to open on thanksgiving day was the subject of a public hearing on july 8, 2017.
black friday (shopping)
on january 15, 2016, walmart announced it would close 269 stores in 2016, affecting 16,000 workers. one hundred and fifty-four of these stores earmarked for closure were in the u.s. (150 walmart u.s. stores, 115 walmart international stores, and 4sam's clubs). ninety-five percent of these u.s. stores were located, on average, 10 miles from another walmart store. the 269 stores represented less than 1percent of global square footage and revenue for the company. all 102 locations of walmart express, which had been in a pilot program since 2011, were included in the closures. walmart planned to focus on "strengthening supercenters, optimizing neighborhood markets, growing the e-commerce business and expanding pickup services for customers". in fiscal 2017, the company plans to open between 50 and 60 supercenters, 85 to 95 neighborhood markets, 7 to 10 sam's clubs, and 200 to 240 international locations. at the end of fiscal 2016, walmart opened 38 supercenters and relocated, expanded or converted 21 discount stores into supercenters, for a total of 59 supercenters, and opened 69 neighborhood markets, 8 sam's clubs, and 173 international locations, and relocated, expanded or converted 4 locations for a total of 177 international locations. on august 8, 2016, walmart announced a deal to acquire e-commerce website jet.com for us$3.3 billion jet.com co-founder and ceo marc lore stayed on to run jet.com in addition to walmart's existing u.s. e-commerce operation. the acquisition was structured as a payout of $3 billion in cash, and an additional $300 million in walmart stock vested over time as part of an incentive bonus plan for jet.com executives. on october 19, 2016, walmart announced it would partner with ibm and tsinghua university to track the pork supply chain in china using blockchain.
walmart