In an attempt to boost struggling finances, Walmart is closing 269 stores—154 of them in the United States. Two-thirds of the US stores to be closed are smaller "Walmart Express" locations, KTLA reports; 12 are Walmart Supercenters and four are Sam's Club stores. Most of the stores being closed are within 10 miles of another Walmart and are not performing well—and Walmart still plans to open 300 new stores globally by 2017.
The just-announced closings will affect 10,000 employees in the US, who will either be moved to other Walmarts or provided with 60 days' pay and training to help find a new job. To see a complete list of store closings, click here. (Read more Walmart stories.)