Shoppers were stunned to hear that Towson Walmart would be closing

Shoppers are stunned to hear that an old retail chain will close its doors. Walmart announced Wednesday that its Towson location will close in April. “I think it’s terrible,” said customer Veronica Bell. The Walmart on Putty Hill Avenue is one of 24 stores nationwide closing. It is the only location in Maryland affected. “I’m a little disappointed because it’s convenient for a lot of people here,” customer Todd Johnson said. “I will really miss it. I use this store often, at least every month.” said another customer. Walmart officials said the company decided to close the store because it is underperforming financially. Towson University economist Daraius Irani explained further “The challenge with Walmart and other discounters is the low margins. So if there are not that many people. If you only make one, two or three percent on an item and only a small number of people go through it, that will impact your profitability “, said Irani. a huge impact on the area, leaving a big hole in a shopping center that suffers from vacancies. But turnover is a normal part of retail, said Irani. “I don’t think there is any reason to worry is. In some cases, we’re seeing Amazon open physical spaces,” he said. The closure will be routine for Towson residents, forcing them to travel to White Marsh or beyond for the nearest Walmart. “I don’t have all that gas money. “I’m retired. If you’re retired, that’s what you should do.” watch your money, don’t throw it away,” Bell said. The store will officially close on April 5.

Shoppers are stunned when they hear that an old classic will close its doors.

Walmart announced Wednesday that its Towson location will close in April.

“I think it’s terrible,” said customer Veronica Bell.

The Walmart on Putty Hill Avenue is one of 24 stores nationwide closing. It is the only location in Maryland affected.

“I’m a little disappointed because it’s convenient for a lot of people here,” customer Todd Johnson said.

“I will really miss it. I use this store often, at least every month,” said another customer.

Walmart officials said the company has decided to close the store because it is underperforming financially.

Towson University economist Daraius Irani explained this further.

“The challenge with Walmart and other discounters is the low margins. So if you don’t have as many people coming in, it affects their margins because if you only make one, two or three percent on an item, if you have a The low number of people that goes through does impact your profitability,” Irani said.

The closure will have a huge impact on the area and leave a big hole in a shopping center that is struggling with vacancies. But turnover is a normal part of retailing, according to Irani.

“I don’t think there’s any cause for concern. In some cases we’re seeing Amazon opening up physical spaces,” he said.

Still, the closure will be routine for Towson residents, forcing them to travel to White Marsh or further for the nearest Walmart.

“I don’t have all that gas money. I am retired. When you’re retired, you have to watch your money and not throw it away,” Bell said.

The store will officially close on April 5.

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