Walmart to close hundreds of stores, affecting 16,000 jobs

January 16, 2016 9:13 AM

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New York: Walmart Stores Inc. plans to shutter 269 stores, the most in at least two decades, as it abandons its experimental small-format Express outlets and looks to streamline the chain.

The move by the largest private employer in the US will affect about 10,000 jobs domestically at 154 locations, according to a statement on Friday. Overseas, the effort will eliminate 6,000 jobs and includes the closing of 60 money-losing stores in Brazil, a country where Walmart has struggled.

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