Nearly 10 years after it opened, an “underperforming” Walmart Neighborhood Market in Garden Grove will close by late March.

The company made the announcement Tuesday, saying all 114 employees at the grocery store at 10912 Katella Ave. would have the opportunity to switch to jobs at other Walmart stores and markets.

“Our decision is based on several factors, including historic and current financial performance, and is in line with the threshold that guides our strategy to close underperforming locations,” Lauren Willis, the retailer’s global communications director for the Western U.S., said in a statement.

Willis emphasized the decision to close the store, made after “a careful and thoughtful review process,” had no bearing on store employees.

“We have been, and will continue to be, supportive of our store leadership and associates at our Garden Grove store,” she said. “This decision is in no way a reflection of their hard work and customer service.”

The Walmart Neighborhood Market in Garden Grove will close March 25, according to the company. All 114 employees are eligible to transfer to other Walmart stores. (Courtesy of Walmart)

The store will begin clearance sales in the coming weeks, selling as much remaining merchandise as possible.

“Remaining perishable items may be donated to local hunger relief organizations,” Willis said.

The official closing date is March 25.

Walmart, which leases the property just 2 miles from Disneyland, has two supercenters within 3 miles, one on Euclid Street in Anaheim and another on Chapman Avenue in Garden Grove. The retailer also has a Neighborhood Market off Ball Road in Anaheim.

The Neighborhood Market concept, a smaller version of its behemoth cousin Walmart, was launched by the Arkansas-based retailer back in 1998. The first stores in Orange County opened in 2012.

Walmart at the time said the neighborhood format – about 70% smaller than a supercenter — was created for time-strapped consumers looking for quick one-stop shopping and services.

Along with perishables, Walmart Neighborhood Markets sell health and beauty products, stationery, paper goods, bakery foods, canned goods, condiments and spices, pet supplies and household merchandise. The mini-Walmarts also offer drive-through pharmacies.