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

Discussion in 'Labor & Employment' started by MMC, Jan 15, 2016.

  1. MMC

    MMC Well-Known Member

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    Add in Wal-Mart with Target, Macy's, Sears. All Nation Wide Stores closing down. Doesn't help BO peep make his case that the economy is better, does it? Not to mention these are not high paying jobs. What say ye?



    The world's largest retailer is closing 269 stores, including 154 in the U.S. that includes all of its locations under its smallest-format concept store called Wal-Mart Express. The other big chunk is 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. Wal-Mart Stores Inc. said the store closures will affect 16,000 workers, 10,000 of them in the U.S. Its global workforce is 2.2 million, 1.4 million in the U.S. alone.

    The store closures will start at the end of the month......snip~

    https://finance.yahoo.com/news/wal-mart-shutter-269-stores-140324647.html
     

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