Walmart to close 269 stores this year, 16,000 workers will be affected

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Walmart to close 269 stores this year

16,000 workers will be affected by the store closings

By David Goldman

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‘Walmart said it will close 269 stores in 2016, as the mega-retailer tries to revitalize its slumping finances.

The company said the stores it plans to close are generally poor performers, and most are within 10 miles of another Walmart. 154 of the locations are in the United States, two-thirds of which are the smaller “Walmart Express” stores. Only 12 U.S. Walmart Supercenters will close, along with four Sam’s Club stores.

Of the 16,000 associates — or employees — to be affected, 10,000 will be in the United States. The company aims to place those associates in nearby Walmarts.’

Read more: Walmart to close 269 stores this year

The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of Somicom Multimedia, Affiliates Or Advertisers.
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