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Wal-Mart Mart Stores Inc pulls plug on smallest store format, shuts 269 stores around the world


Wal-Mart Stores Inc said it was pulling the plug on its smallest Express store format and closing 269 stores globally, including 154 in the United States, in a restructuring that will affect 16,000 workers. Overseas, the streamlining effort includes the closing of 60 money-losing stores in Brazil. The company says …

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