Walmart Removes Jewelry Cases from Hundreds of Stores (2024)

FAQs

Is Walmart getting rid of the jewelry department? ›

Walmart began evaluating its jewelry departments last year and is making changes to department layouts. The Bentonville-based retail giant said it will continue to sell “fine jewelry” in stores where there is demand, but the glass cases in other stores will be removed.

Since April 2018 it's been eliminating jewelry from stores where there's insufficient demand for the products. Those stores continue to offer “costume jewelry, watches and other accessories that hang on modular racks or spinner displays.”

Walmart faced numerous challenges throughout the past year due to inflation and supply chain issues. Analysts expect the retailer to work through excess inventory in 2023, but obstacles may arise.

According to Instore, more than half of jewelry store owners are at least 60 years old and fewer than 10% are in their 30s, he said, “making my generation a rare sight to see these days.” “The biggest reason why stores are closing [is that] people are ready to retire.

If you decide to visit a local independent jeweler, you will realize that the quality of the piece you purchase and/or design will be unique. On the other hand, a person who is looking for an engagement ring can walk into any chain store and then leave with a ring that hundreds or thousands of people have bought.

“Over the past few years, as we made space for Sephora in our stores, we did not do a good job of retaining our jewelry sales, which had been on a consistent sales decline,” Kohl's CEO Tom Kingsbury said on the earnings call.

The diamond rings sold at Walmart are consistently made with low quality diamonds, lower grade metals and do not have reliable 3rd party grading reports from GIA/AGS.

As Amazon's growth skyrocketed during the first years of the pandemic, Walmart executives discussed expectations that Amazon's annual revenue could soon surpass $700 billion. A particular threat is groceries, an area that gives Walmart—the country's largest grocer—most of its U.S. revenue.

But Walmart still leads Amazon in terms of overall revenue, $611 billion vs $514 billion (Amazon's revenue excluding AWS is only $434 billion).

It's the result of a 2022 class-action lawsuit that accused Walmart of overcharging for certain products "to deceivingly, misleadingly, and unjustly pilfer, to Walmart's financial benefit, its customers' hard-earned grocery dollars."

What jobs is Walmart getting rid of? ›

Walmart is cutting hundreds of corporate jobs, relocating majority of remote office staff. A nearly empty parking lot stands outside the Walmart Inc. World Headquarters in Bentonville, Arkansas, U.S., on Thursday, May 28, 2020.

If you prefer checking out with a cashier, we will continue to have that option available for customers who prefer that method.

Yes, you can.

Now it's looking to boost sales. The Sephora section of products are seen for sale at the Kohl's store on North 124th Street in Brookfield. Kohl's stores have carried jewelry for years and soon there could be more options for shoppers to check out.