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Wal-Mart will focus more on e-commerce and will close hundreds of stores

Wal-Mart will focus more on e-commerce and will close hundreds of stores

(Bloomberg)—Wal-Mart Stores Inc. plans to close hundreds of stores, including its experimental small-format Express outlets, as it refocuses on its e-commerce site and better-performing locations. The move will eliminate 16,000 jobs. The move affects 154 locations in the U.S., the Bentonville, Arkansas-based company said in a statement Friday. Overseas, the streamlining effort includes the closing of […]

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