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Wal-Mart Stores, Inc.

Wal-Mart's Port Covington store among 269 stores closing globally

Wal-Mart's Port Covington store among 269 stores closing globally

Wal-Mart Stores Inc. will close its Port Covington store in South Baltimore in a cost-cutting move to shutter 269 under-performing stores worldwide, the giant retailer said today.

The city's only Walmart will close Sunday. The store, which opened in 2002, sits amid empty parking lots and a closed former Sam's Club on 50 acres now planned for a new headquarters for Baltimore-based Under Armour.

A real estate company owned by Under Armour CEO and founder Kevin Plank purchased the site of the Port Covington Walmart two years ago to eventually build a new corporate campus. The Sam's Club already is being converted into offices for the Baltimore-based sports apparel...

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