Wal-Mart Update

Wal-Mart seems to be falling on some hard times as they look to close 269 locations which is about 3% of their stores. This is not the ideal situation for Wal-Mart as it will be having a heavy impact on 10,000 employees.

These employees will be given the opportunity to relocate to a different Wal-Mart or they will be let go with 60 days pay. The CEO did respond to this by stating, “we will continue reviewing our fleet in a disciplined way and we will close the stores that should be closed.”

These stores will be closing by January, but the company believes they are still able to pull through and plan on reopening most of these stores. For more details be sure to check out the video above.