Wal-Mart to Close 269 Stores in 2016, Open Up to 405 Others

January 15, 2016 3:58 PM

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Wal-Mart said Friday it will close 269 stores across the globe, including 154 in the U.S.

The world's largest retailer also will open as many as 405 stores globally in the coming fiscal year, as it shifts its focus toward Supercenters and Neighborhood Markets in profitable locations.

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