Wal-Mart to close 269 stores worldwide - World Socialist Web Site
▻http://www.wsws.org/en/articles/2016/01/16/walm-j16.html
Wal-Mart to close 269 stores worldwide
By Nick Barrickman
16 January 2016
On Friday, retail giant Wal-Mart announced that it was preparing to close up to 269 outlets globally, including 154 stores in the United States. The decision to close several hundred stores would affect nearly 16,000 employees. The big box retailer cited the costs of competing with online retailers as well as the impact of marginal wage increases given to its workforce as the cause for the closures.
