NEW YORK (KDKA/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.READ MORE: Pittsburgh Weather: Cold Front Begins Pushing Rain, Storms Into Area, Gusty Winds Possible
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 amid increasing competition from all fronts, including from online rival Amazon.com.READ MORE: Panel Decides To Uphold School Masking Rule After State House GOP Seeks Review
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.
No Walmart stores in Pennsylvania will be impacted by the closures. The closest store to Pittsburgh is in Bedford, Ohio.MORE NEWS: Fourth Stimulus Check: Will You See Another Relief Payment?
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