Wal-Mart to close 269 stores, including 154 in the U.S

January 15, 2016 4:39 PM

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Wal-Mart Stores Inc. said Friday that it will close 269 of its stores globally, including 154 in the U.S., as the company looks to reposition itself in a difficult retail climate.

The closures include Wal-Mart and Sam's Club locations and will affect 16,000 employees globally, about 10,000 of whom are in the U.S.

Also read: J.C. Penney to close 130 to 140 stores and offer early retirement to 6,000 workers

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