02.03.16
Wal-Mart Stores, Inc. plans to close 269 stores in the US and globally. In total, the impacted stores represent less than 1% of both global square footage and revenue, according to the world’s biggest retailer.
Specifically, the firm will close 154 locations in the US, including the company’s 102 smallest format stores, known as Walmart Express, which had been in pilot since 2011.
Walmart said it will instead focus on strengthening supercenters, optimizing its so-called Neighborhood Markets, growing the e-commerce business and expanding pickup services for customers.
The company is closing 115 stores outside the US, including 60 in Brazil.
At the same time, Walmart announced that domestically, it intends to open 50 to 60 supercenters and 85 to 95 Neighborhood Markets in fiscal 2017, which begins Feb. 1. In the same period, Sam’s Club plans to open in seven to 10 new locations.
Internationally, Walmart intends to open between 200 and 240 stores during the coming year.
Specifically, the firm will close 154 locations in the US, including the company’s 102 smallest format stores, known as Walmart Express, which had been in pilot since 2011.
Walmart said it will instead focus on strengthening supercenters, optimizing its so-called Neighborhood Markets, growing the e-commerce business and expanding pickup services for customers.
The company is closing 115 stores outside the US, including 60 in Brazil.
At the same time, Walmart announced that domestically, it intends to open 50 to 60 supercenters and 85 to 95 Neighborhood Markets in fiscal 2017, which begins Feb. 1. In the same period, Sam’s Club plans to open in seven to 10 new locations.
Internationally, Walmart intends to open between 200 and 240 stores during the coming year.