Friday, January 15, 2016

Wal-Mart closing 269 stores

Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market.
The stores being shuttered account for a fraction of the company's 11,000 stores worldwide and less than 1 percent of its global revenue.
More than 95 percent of the stores set to be closed in the U.S. are within 10 miles of another Wal-Mart. The Bentonville, Arkansas, company said it is working to ensure that workers are placed in nearby locations.
The store closures will start at the end of the month.

http://www.timesfreepress.com/news/business/aroundregion/story/2016/jan/15/wal-mart-closing-269-stores-154-them-us/344888/ 

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