Walmart to Close 269 Stores, Nearly 30 in Texas
Wal-Mart has announced plans to close 269 stores across the U.S. and globally. According to a press release, officials with Wal-Mart indicated that after assessing their portfolio for 2015, there was a need for these closures to ensure Wal-Mart remains a healthy business.
Of those 269 stores, 154 Wal-Mart properties will be shut down in the U.S. "including the company’s 102 smallest format stores, Walmart Express, which had been in pilot since 2011. Walmart instead will focus on strengthening Supercenters, optimizing Neighborhood Markets, growing the e-commerce business and expanding Pickup services for customers." Approximately 10,000 Wal-Mart associates will be affected by the closures which are scheduled to happen on January 28th, 2016.
Nearly 30 stores across Texas will be shuttered, most of which will be Walmart Express locations. No El Paso Walmarts will be affected.