Walmart, the largest retailer in the world, announced on Friday it will close 269 stores worldwide, of which over 150 are in the United States and the rest, elsewhere in Latin America, 60 of them in Brazil.
This decision will affect about 10,000 jobs in the US and about 16,000 worldwide.
Those 269 stores that will cease operations represent about 1 per cent of the annual turnover of the chain, which in the last fiscal year reached USD 486,000 million.
The news came along with business figures of Walmart in the US during last Christmas holidays, which were worse than expected, despite the significant discounts offered to attract customers.
Sales increased only 3 per cent in November and December to USD 626,000 million, down 3.7 per cent projected by the US National Retail Federation.