Walmart Tire & Lube Express Closures 2020: 106 Auto Service Centers To Permanently Close

Walmart (WMT) is making changes in Canada as it is permanently closing all its Tire & Lube Express auto service centers as it reportedly looks to focus on its core businesses.

The closures will take place by the end of June and impact about 550 employees across 106 stores in Canada, CTV News reported. Affected employees will be moved to other positions within the company, the news outlet said.

The move by Walmart Canada will allow the retail giant to focus on growing its in-store, e-commerce, and pickup businesses “while delivering our core business of food, consumables, health and wellness, fashion and general merchandise,” Adam Grachnik, director of corporate affairs at the company told the news out.

Walmart Canada will reportedly continue its partnership with Mr. Lube service centers that are located in 50 stores in the country. The company wilalso continue to sell automotive products at its 400 Canadian stores.

Shares of Walmart stock were down 0.44% as of 2:28 p.m. EDT on Tuesday.