My first question is, how old are you? Unless you are 8 years old, this glove is not going to be strong enough to hold up.
Second question is, have you touched this new glove? It's a small glove and constructed as a single year throw away.
If I'm not mistaken, this a tee ball level glove made from a very thin leather. So thin, in fact that if it's repeatedly struck by a ball going with any real speed, it will tear at the lacings in the pocket and web.
If your old glove is still serving you well, it may be of benefit to you to save your money a bit longer and step up to a full leather glove that has a chance to last for you.
Another good idea, if you are very young, is to purchase a used glove on ebay that is already broken in for you. A big mistake is youngsters getting gloves that are too big for their hands and breaking them in poorly. A year or two down the line, the glove is garbage because it's not broken in to your ever-growing hand.
I wouldn't knock Walmart too badly. While you can't walk into a Walmart and get a good glove--usually. They sell lots of good gloves online and even some higher quality gloves like a Rawlings Dual Core or a Wilson A2000 to name a few.