Walmart to shutter Northside grocery store; Christmas Tree Shops to close in Henrico - RichmondBizSense

The Walmart Neighborhood Market at 5221 Brook Road. (Jack Jacobs photo)

Two local big-box retail buildings are about to go dark.

The Walmart Neighborhood Market at 5221 Brook Road in Northside will be shuttered on July 28, according to company spokeswoman Felicia McCranie.

And over in western Henrico County, discount chain Christmas Tree Shops is closing its lone Richmond-area store as part of its ongoing bankruptcy.

Walmart’s Northside Neighborhood Market is an outpost of the retail giant’s grocery-focused concept, which also features a pharmacy and fuel pumps. The company said the location was underperforming financially and that led to the decision to shutter the location. The grocery store occupies a nearly 39,000-square-foot building near the intersection of Brook Road and Azalea Avenue.

The store’s upcoming closure will cap off an eight-year run. The company said the store’s nearly 100 employees will be eligible to transfer to other nearby Walmarts.

Walmart opened the store in August 2015 on the former site of the Virginia Inn motel. The property is owned by an entity tied to The Inland Real Estate Group of Cos., which bought it for $11.7 million in May 2016, according to online county land records.

What might come next for the property is unclear. Inland spokespeople didn’t respond to a request for comment for this article.

Walmart has 17 additional locations in the greater Richmond area, according to the company’s website. That figure consists of two remaining groceries-focused Neighborhood Markets and 15 larger Walmart Supercenter stores.

Christmas Tree Shops to close location in western Henrico

The Christmas Tree Shops store on Broad Street is the chain’s only location in the region.

The Christmas Tree Shops, a discount home goods, furniture and seasonal items seller, is planning to close its store at 9819 W. Broad St. near Innsbrook as part of the closure of its entire footprint of more than 70 stores in multiple states.

The New Jersey-based chain filed for Chapter 11 bankruptcy protection in May with the hopes of remaining afloat. Company spokeswoman Maya Pogoda said the mass closure is due to the company defaulting on a $45 million loan intended to help it get through its bankruptcy and being unable to find a buyer.

The 21,000-square-foot Broad Street store is the company’s only local location and had operated for at least a decade. The store plans to begin its closing sale Friday, Pogoda said. She didn’t provide a timeline on when the store is expected to close its doors for good.

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