Walmart To Shut 269 Stores In Chain’s First Mass Closing; 16,000 Workers Affected | Forbes

Walmart announced its first ever mass store closing on Friday, with 269 stores worldwide set to close their doors.

Of these closures, 154 are in the U.S., including all of the company’s 102 smallest Walmart Express stores.

The Bentonville, Ark. big-box giant will abandon its Walmart Express format, focusing on existing Supercenters, its growing Neighborhood Market grocery chain and its e-commerce business, according to a statement.

Walmart said 16,000 employees will be affected by this decision, 10,000 of whom are in the U.S.

“More than 95 percent of the closed stores in the U.S. are within 10 miles on average of another Walmart, and the hope is that these associates will be placed in nearby locations,” said Walmart in its Friday news release.

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