Domestically, Walmart intends to open 50 to 60 Supercenters and 85 to 95 Neighborhood Markets in Fiscal 2017, which begins Feb. In the same period, Sam’s Club plans to open in seven to 10 new locations.Internationally, Walmart intends to open between 200 and 240 stores during the coming year.The company has already been able to relocate many affected associates in Brazil to other stores.The remaining 55 stores are primarily small, loss-making stores in other Latin American markets.S., including the company’s 102 smallest format stores, Walmart Express, which had been in pilot since 2011.
So we are committed to growing, but we are being disciplined about it.” Store Closings/Openings As part of today’s action, the company will close 154 locations in the U.
Consistent with this strategy, the company is closing 115 stores outside the United States.
This includes 60 recently-closed, loss-making stores in Brazil, which represents only 5 percent of sales in that market.
Store Associates and Transition Assistance In total, approximately 16,000 associates will be impacted by the decision, about 10,000 of them in the U. More than 95 percent of the closed stores in the U. are within 10 miles on average of another Walmart, and the hope is that these associates will be placed in nearby locations.
Where that isn’t possible, the company will provide 60 days of pay and, if eligible, severance, as well as resume and interview skills training.