Walmart is closing 269 stores and laying off thousands of employees.

The move will affect more than 16,000 employees, including 10,000 in the US.

The closings include 154 locations in the US — 102 of which are the company's smallest stores, called Walmart Express, which have been in pilot since 2011.

Walmart is closing the stores to shift resources to Walmart's Supercenters and smaller-format Neighborhood Market stores.

Read more Walmart is closing hundreds of stores and laying off thousands of employees
I have read before that the advent of online stores made physical stores have less revenues. I just feel sad for the Walmart employees, I hope they find good jobs after the closings. But I think that's the thing with businesses, you are never sure what will happen so you have to have a backup plan. I hope Walmart will be able to rise again and focus on their plan and be able to build revenues as well.
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