The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
Walmart to Close 269 Stores Worldwide
More than half of the stores set to close are located in the United States, and the closures will effectively mean the end of the Walmart Express small-format store concept.
Bentonville, Ark.--After reviewing the financial performance of its nearly 11,600 stores worldwide, retail giant Walmart has announced that it will close 269 stores, approximately 2 percent of its global portfolio. Of those, 154 are located in the United States.
This will include the company’s 102 Walmart Express stores, a small-format concept that has been in test mode since 2011. It also includes 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers and four Sam’s Club stores.
While most will close at the end of the month or, in the case of the Sam’s Club stores, in early February, a select few already were shuttered as of Sunday.
The company’s decision impacts about 10,000 employees in the U.S. The retailer estimated that more than 95 percent of the closed stores in the U.S. are within 10 miles on average of another Walmart, and so it hopes to place these associates in nearby locations. Where that isn’t possible, Walmart said it will provide 60 days of pay and, if eligible, severance, as well as resume and interview skills training.
With the announcement of this news, Walmart said in a statement that it now will focus on “strengthening Supercenters, optimizing Neighborhood Markets, growing the e-commerce business and expanding pick-up services for customers.”
Walmart, which still ranks as one of the largest sellers of fine jewelry in the U.S., plans to open 50 to 60 Supercenters and 85 to 95 Neighborhood Markets in the U.S. in the fiscal year starting Feb. 1.
The full list of stores that will close can be found here.
The Latest
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The announcement came as the company reported a 23 percent drop in production in Q1.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.