Walmart Closing 269 Stores, 154 in U.S.

Retail giant Walmart is closing 269 stores worldwide, including 154 in the United States. The company owns 11,000 stores, and those its shutting down account for only about 1 percent of its global revenue. The retailer will open as many as 405 stores in the coming fiscal year, in an attempt to focus more on its Supercenters and Neighborhood Market setups. Officials also said 95 percent of the soon-to-be-closed stores are within 10 miles of another store. The Arkansas-based company plans to relocate workers from the shuttered branches to nearby stores.