Walmart announced the imminent closure of 154 stores in the US

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The American company Wal-Mart, which owns the world's largest network of department stores, has announced plans to close 154 stores in the United States shortly. This was reported by representatives of this trading network.

According to them, the elimination of retail outlets in the US will affect about 10 thousands of jobs.

More than 95% of closed US stores are located in 10 miles from other Wal-Mart stores.

At such a step, the company went after a thorough study of the financial situation, and also in view of the low profitability figures of a number of its stores.

“We have spent significant time evaluating [the profitability of] our stores, and this decision has not been made lightly,” Walmart President Doug McMillon said in a statement.

Wal-Mart also announced that they would open 50-60 supercenters and 85-95 stores in the United States during the fiscal year that begins on February 1.

Wal-Martso, headquartered in Bentonville, Arkansas, was founded in 1962. It belongs to the Walton family, which is one of the richest dynasties in the world. The company's turnover for 2014 year amounted to $ 485 billion.

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