BUSINESS
01/15/2016 09:32 am ET

Walmart To Close Over 200 Stores, Lay Off About 10,000 U.S. Workers

It could affect up to 16,000 workers overall.

Joe Raedle via Getty Images

Jan 15 (Reuters) - Wal-Mart Stores Inc said it was pulling the plug on its smallest store format and closing 269 stores globally, including 154 in the United States, in a restructuring that will affect 16,000 workers.

Wal-Mart, the world's largest retailer by sales, said the move would reduce diluted earnings per share by 20 cents to 22 cents, with nearly all of that to be booked in the fourth quarter ending this month. (Reporting by Nathan Layne in Chicago; Editing by Lisa Von Ahn)

 

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