Walmart to Close 269 Stores

January 15, 2016 5:52 PM

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Walmart to Close 269 Stores

Walmart will shutter more than 250 stores worldwide and exit its Walmart Express small-store format entirely as the company adjusts to stiff competition from its online nemesis, Amazon.

Walmart said in a statement on Friday that it would close 269 stores globally, of which 154 would be in the United States. That is about 2 percent of Walmart’s global footprint of 11,600 stores, and 3 percent of its 5,310 locations in the United States. Those stores are scheduled to close by the end...

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