Wal-Mart to close 269 stores, 154 of them in the US

NEW YORK (AP) – 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.

The closures will affect 16,000 workers, 10,000 of them in the U.S.

The announcement comes three months after its CEO Doug McMillon told investors the world’s largest retailer would review its store fleet in amid increasing competition from all fronts, including from online rival Amazon.com.

In the U.S., 154 locations will be closed, most of them small format stores called Walmart Express, which were launched as a test program in 2011. The remaining 115 locations to close are spread over Latin America, mostly in Brazil.

Below are the locations closing in Mississippi:

  • 410 2nd Street in Belmont, Miss.
  • 2795 Highway 371 North in Mantachie, Miss.
  • 420 East Lee Street in Sardis, Mis.
  • 28191 Highway 15 in Walnut, Miss.
  • 519 W. Veterans Ave in Derma, Miss.
  • 7104 Will Robbins Highway, Nettleton, Miss.

The stores are set to close Jan. 28, 2016.

Get the full list of closures here.

A map of the closures is below.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s