Wal-Mart to close 269 stores worldwide

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Wal-Mart recently announced its plans to close 269 stores globally. The retailer will close 154 stores in the United States and focus their efforts on e-commerce as well as other operations.

Most U.S. stores scheduled for closure are the smaller Wal-Mart Express locations. The retailer launched Wal-Mart Express in 2011 in hopes of expanding the brand beyond the typical big box format.

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