WORLD’S BIGGEST RETAILER: To Shut Down 269 Stores World Wide

Screen Shot 2016-01-15 at 9.16.18 AMA lot of people are going to be out of the job, but guess what the retailer’s next move will be.

Walmart announced Friday it is closing 154 U.S. stores, according to a company press release, including the company’s 102 Walmart Express stores, the smallest format stores.

It is part of a global downsizing that will shutter 269 stores around the world out of Walmart’s nearly 11,600 stores.

The smaller-format store had been tested since 2011.

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About 16,000 to be affected worldwide – roughly 10,000 of whom are in the U.S. – according to the company. It said more than 95 percent of the closed stores in the U.S. are within 10 miles on average of another Walmart, so the hope is those associates can gain employment at nearby stores.

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