You are here

Walmart to close record number of stores in US and overseas

Retailer will shutter 154 locations in America as well as 115 overseas; about 16,000 employees are likely to be affected

Web merchants are gobbling up a growing share of shopping dollars, their vast online catalogues rendering Walmart's sprawling superstores increasingly less relevant.

New York

WALMART, whose supercentres once transformed the way Americans shop, announced on Friday that it would close a record number of stores in the United States and overseas, as it fights to hold its ground in a retail landscape under siege by the behemoth Amazon.

The giant...