MONEY Shopping

Walmart to Close 269 Stores Worldwide

Kris Tripplaar—AP

Including 154 stores in the U.S.

Walmart is rolling back more than just prices in 2016.

The company announced Friday it will close 269 stores worldwide, including 154 in the U.S, this year. The closures are the result of a reevaluation of global strategy, according to a press release. The majority of the stores affected in the U.S., 102 out of 154, are a result of the shuttering of the small-store “Walmart Express” pilot program. Other closures include 60 stores in Brazil, 55 in Latin American, 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers, and four Sam’s Clubs.

About 16,000 employees will be affected, 10,000 of whom live in the U.S. If the employees cannot find work at a nearby Walmart, the company says it will “will provide 60 days of pay and, if eligible, severance, as well as resume and interview skills training.”

“It’s important to remember that we’ll open well more than 300 stores around the world next year,” Doug McMillon, president and CEO of WalMart Stores, Inc., said in the release. “So we are committed to growing, but we are being disciplined about it.”

The company says it will focus on opening 50 to 60 new domestic Supercenters and 85 to 95 Neighborhood Markets, improving e-commerce operations, and expanding its Pickup services.

Fellow retailer Target is also closing stores this year.

Tap to read full story

Your browser is out of date. Please update your browser at


Dear MONEY Reader,

As a regular visitor to, we are sure you enjoy all the great journalism created by our editors and reporters. Great journalism has great value, and it costs money to make it. One of the main ways we cover our costs is through advertising.

The use of software that blocks ads limits our ability to provide you with the journalism you enjoy. Consider turning your Ad Blocker off so that we can continue to provide the world class journalism you have become accustomed to.

The MONEY Team