World Market closes in El Paso

EL PASO – El Paso’s World Market retail store will lower its curtain for good in January as El Pasoans take advantage of liquidation discounts.

Located in Las Palmas Marketplace, the store is holding announcements of closing for last as of January 22, however, discounts from 20 to 50 percent off have caused inventory to run out, which could precipitate the closing date.

The closure of World Market adds to the long list of establishments that have said goodbye in the Texan city since 2020 as a result of the impacts of the Covid-19 pandemic, mainly due to the measures taken to maintain control of the virus infections and the changes in the consumption habits of citizens, who have opted for online shopping.

Last November, consumer spending in El Paso County showed an improvement to position itself once again above the levels reached before the Covid-19 pandemic, according to the Dallas Federal Reserve Bank (Dallas Fed).

According to its most recent report on the economic situation of Texas cities, it indicated that as of Nov. 7, spending in El Paso County increased 19.5% since January 2020.

Spending is measured according to the disbursement made by consumers through their credit and debit cards. According to Dallas Fed, in the state of Texas, the increase was 31% and up to 28% in the United States.

The World Market chain is known for offering its customers multicultural home décor pieces, holiday gifts, seasonal items, as well as luxury and specialty products for all occasions, furniture, among others.

World Market was founded in the late 1950s in San Francisco. The company currently has branches in 39 U.S. states; in Texas there are 29 stores in different cities, while in California, the company’s home state, it has 54 branches.

Source: MEXICO-NOW Staff