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Closing 269 stores

16 Jan, 2016

Walmart announces plans to close 269 stores. 154 of these stores are in the US, and will affect 16,000 workers. Closures will begin at the end of January. 102 of the 154 stores to be closed in the US are part of an experimental set of offerings opened in 2011 and are within 10 miles of another Wal-Mart. Efforts will employ the affected workers at other locations. Other locations to be closed include locations in Brazil, where the retailer is struggling.