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Wal-Mart Closes 269 Stores but Opens 405 Others in 2016

Wal-Mart, the biggest retailer in the world, is doing a rare pruning. The company is set to close down 269 stores, 154 of them in the U.S. alone. These U.S. locations will include all stores under what the company calls Wal-Mart Express. Its stores in Brazil also take up a big chunk of these shutdowns.