BOULDER, Colo. -- A controversial Wal-Mart Neighborhood Market store in Boulder will close less than four years after it opened, the company said Tuesday.
The store at 2972 Iris Ave. was the subject of several protests when it opened in 2013.
“After a careful and thoughtful review process, we have made the difficult decision to close our Walmart Neighborhood Market in Boulder,” Wal-Mart spokeswoman Anne Hatfield said in a statement.
“Similar to what every retailer does, these closures are part of the standard review process of our store portfolio to make sure we are achieving our long-term strategy."
Wal-Mart told the Boulder Daily Camera that the store’s 70 employees will be given the option to transfer to nearby Wal-Mart Supercenters in Lafayette, Broomfield and Longmont.
The 53,000-square-foot store was the center of controversy when it opened in October 2013.
Several residents and members from a group self-proclaimed as the Coalition for Social and Environmental Responsibility held protests and an “unwelcome party” to voice their opinion about the mega-retailer moving into Boulder.
In January, Wal-Mart closed Neighborhood Market stores in Denver and Littleton.
The store will close June 16.