At the beginning of 2016, Walmart did something unusual. The mega-retailer closed 269 stores, 154 of which were in the United States. While Walmart also opened hundreds of stores around the world last year, keeping its net store count the same, its pullout was devastating for rural communities where smaller retailers had closed their doors when Walmart came to town. [More]
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Wal-Mart is cutting down its inventory (fewer clothing styles) and remodeling its older stores (lower shelves and clearer signage) to spur more shopping. [Reuters]
