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Walmart to Close Stores, Open Others

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Walmart announced the plan to close 269 stores in the U.S. and globally. This action follows a thorough review of Walmart's nearly 11,600 worldwide stores that took into account a number of factors, including financial performance as well as strategic alignment with long-term plans. The impacted stores represent less than 1% of both total square footage and revenue.

Furthermore, Walmart plans to open 50 to 60 supercenters and 85 to 95 neighborhood markets domestically in the 2017 fiscal year, as well as 200 to 240 stores internationally.

Learn more: How Beauty Brands Can Survive Walmart's New Fees and Payment Terms