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Walmart To Close Hundreds of Stores

Plans call for 154 doors in US and 115 abroad.

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By: Christine Esposito

Editor-in-Chief

Wal-Mart Stores, Inc. plans to close 269 stores in the US and globally, the firm announced today.   In October 2015, the company said it was actively reviewing its portfolio. Today's announcement follows what the Betonville-based retailer said was a “thorough review of Walmart’s nearly 11,600 worldwide stores that took into account a number of factors, including financial performance as well as strategic alignment with long-term plans.”   In total, the impacted stores represent less than 1%...

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