Walmart strategically closing stores to reopen more

Walmart strategically closing stores to reopen more

Store closures to affect 16,000 Walmart employees.

Wal-Mart Stores Inc. announced last week plans to close 269 stores in the U.S. and globally.

In October 2015, the company said an active review of its portfolio was underway to ensure that assets were aligned with strategy. The action follows a thorough review of Walmart’s nearly 11,600 worldwide stores that took into account a number of factors, including financial performance as well as strategic alignment with long-term plans. In total, the affected stores represent less than 1%

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