CARUTHERSVILLE, MO (KAIT) - The Walmart location in Caruthersville will close its doors in January.
The store's decision has shocked the town as well as Mayor Mike McGraw.
The announcement was made early Friday and McGraw sent out a statement around 9:30 a.m.
He said they think of the store's 85 employees as family, and the company has ensured him they will make every effort to relocate employees.
However, along with the loss of jobs in town, there is a potential problem with sales tax revenue.
"We think that Walmart is our largest sales tax source of revenue," said Mayor McGraw. "I have called the department of revenue and we're working on getting the exact amount of money in sales tax that we do get from them."
The Mayor said after the closure of some other stores in Missouri last year, the city thought they could be safe, but that is not the case.
Now some residents said they will be forced to shop out of town or be inconvenienced.
"I get my medicine from here, now I'm going to have to transfer my medicine somewhere else," said resident Corintha Jones.
Jones said that some might have to drive at least 20 miles to get things like school supplies and uniforms for their children because other businesses do not carry those items.
"What about the people who don't have transportation, those people will really, truly be hurt," said Jones.
The Mayor said he hopes residents continue to shop locally after the store shuts its doors.
He said there is also an opportunity for other investors to take up the slack after Walmart closes.
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