WAL-MART Closes 269 Stores And Affects 16 Thousand Employees.

WAL-MART Wal-Mart Stores (NYSE:WMT) said on Friday that the company will close 269 stores in the United States and abroad, of which 154 are in the United States, including 102 in 2011.

Walmart Express, which is also the smallest shop in WAL-MART.

In addition, the company will shut down 23 community markets (Neighborhood Markets), 12 super.

There are 7 stores in Puerto Rico, 6 discount shopping centers and 4 homes.

(Sam's Club) and 115 shops worldwide.

No matter from the business area or revenue, the proportion of shops closed down is less than 1%.

The impact of the closure on the financial sector is 20 cents to 22 cents per share, of which 19 cents to 20 cents will be recorded in the fourth quarter of fiscal year 2016.

WAL-MART will release its four quarter and full year results in February 18th.

In the past three months, WAL-MART shares rose 4.6%, but they fell 29% in the past 12 months, while the S & P 500 index fell 5.7%.

The shutdown will affect 16 thousand WAL-MART employees, 10 thousand of whom are from the United States.

More than 95% of the shops close to WAL-MART stores are within 10 miles, and the affected employees can give priority to the company's vacancy.

If the staff do not accept the post adjustment, they will receive 60 days' salary and get the layoff and vocational skills training if they meet the requirements.