Walmart to close 269 this year
The company announced that they will close 269 stores that are performing poorly. The move will affect about 16,000 employees. Walmart says 154 of the locations are in the United States and most are the smaller Express stores, two third to be exact. Only 12 will be Super centers and 4 Sam’s Club. The company will go forward with plans to open 300 new stores by the year 2017.