Wal-Mart Stores Inc. said Friday that it will close 269 of its stores globally, including 154 in the U.S., as the company looks to reposition itself in a difficult retail climate.


In the U.S., the company will shut all 102 Walmart Express locations -- a pilot program started in 2011 to appeal to customers who wanted smaller-format stores. Wal-Mart will also close 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers and four Sam's Clubs.


The retailer said it will focus more on e-commerce and expanding pick-up services for customers. Wal-Mart also said it would open 50 to 60 new Supercenters, 85 to 95 new Neighborhood Markets and seven to 10 new Sam's Clubs across the U.S. in fiscal 2017.

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