Wal-Mart to Shut Hundreds of Stores

January 15, 2016 2:30 PM

35 0

Wal-Mart Stores Inc. plans to close 269 stores, including its experimental small-format Express outlets, in a push to streamline the chain that will eliminate 16,000 jobs.

The move by the largest private employer in the U.S. affects 154 locations domestically, according to a statement Friday. Overseas, the effort includes the closing of 60 money-losing stores in Brazil, a country where Wal-Mart has struggled. The plan will affect less than 1 percent of its total squar...

Also read: Fed's Kaplan says he has no problem with being 'restrictive'

Read more

To category page