Hearne Wal-Mart (Hearne, Texas)

From The Eagle (1991), source linked below.
Before it even reached 300 stores, Wal-Mart was mostly opening small stores in smaller markets, and Hearne, Texas, was no exception with store #291 at 1201 W. Brown Street, opening in September 1980.

Most of these stores are still open or replaced with Supercenter stores that share the same store number, Hearne, though, is an exception. In late 1990 it announced its closure—its short tenure making the New York Times (archive).

New York Times posits the oft-repeated theory that the larger store #322 in Bryan (located at 3113 South Texas Avenue and opened in 1982) had something to do with its closure, though that was over 20 miles away. It doesn't make much sense; after all, store 1150 at 1815 Brothers Blvd. co-exists with store #273 in Navasota, which is closer (a straight-shot of 20 miles, hardly any stoplights) and has co-existed since day one. Even when #1150 became a Supercenter, #273 never changed much.

But what really happened? In October 1990, there was a Ku Klux Klan rally in Hearne where a Klan higher-up, Michael D. Lowe, accused the Wal-Mart of closing because of theft, including shoplifting by employees. Wal-Mart denied all accusations. It wasn't in response to the demographics of shoplifters but a spokesman for Wal-Mart was quoted as saying, "To the best of my knowledge employee theft is no more a problem at that store than in any other store in any other company. The reason the store is being closed is because it is unprofitable. Period." The mayor (and serving municipal judge) had heard less than 15 theft cases over the last few years but conceded that "if there is a problem at Wal-Mart, it is occurring within the store."

The Wal-Mart closure left bitterness either way, with the store apparently never having turned a profit.

Eventually, Hearne was able to buy back the building from Wal-Mart and after a renovation that expanded the building, the store became the new home of Hearne High School, first opening for the fall 2004 school year and been around ever since. However, that article in the previous link does apparently confirm what was long-suspected...that it was employee theft after all. With that, we are left with two choices on what actually happened. The most likely scenario is that Wal-Mart lied through their teeth on what the closure was (after all, it's not like corporations are bound to tell the truth about everything and they'd also deny that their store had anything to do with the demise of downtown). The second, far less likely scenario is that Michael Lowe made up the "employee shoplifting" accusation and that's what the 2004 article ran with (which would look way worse for everyone involved).