(KRON) — A Walmart store in Fremont is shutting down next month, the company announced Thursday.
The decision to close Walmart at 40580 Albrae Street was a business decision based on low financial performance, a company spokesperson said.
The Fremont store, which underperformed in profit margins, will officially close to the public on May 24. Walmart’s spokesperson said the company hopes that the store’s 156 employees will transfer to work at nearby locations in the Bay Area.
The retail superstore has nearly 5,000 locations across the U.S.
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A Walmart spokesperson told KRON4 on Thursday, “We are grateful to the customers who have given us the privilege of serving them at our Walmart store at 40580 Albrae St. We look forward to continuing to serve them at one of our 10 other Walmart stores in the Bay Area, including a store within three miles from this location, on Walmart.com and through delivery to their home or business.”