Walmart Closes Health Centers, Launches Affordable Grocery Brand Amid Inflation

Walmart has recently announced the closure of 51 health centers in five states and the shutdown of its telehealth business. The company cited an unsustainable business model and high costs as reasons for the closure. Despite this, Walmart will continue to provide health and wellness services in its pharmacies and Vision Centers.

In response to the inflation affecting consumers’ disposable income, Walmart is launching a new grocery brand called BetterGoods. This brand will offer over 300 products, including pasta and chocolate, priced at under $5 each. The retailer aims to capitalize on the trend of consumers turning to cheaper private-label goods at low-priced chains in the face of elevated grocery prices.

This move comes as Walmart continues to expand its in-house product lines to meet consumer demand for affordable options. The company’s shares were down 1.46% following these announcements.