Wal-Mart is closing hundreds of stores around the world in what it's framing as a forward-thinking move.
Of the 269 stores closing, 154 are in the U.S., and most are smaller Wal-Mart Express locations.
Wal-Mart's president and CEO said the company will instead focus on supercenters, neighborhood markets, e-commerce and pickup.
And Wal-Mart's press release reminds us the closures represent less than 1 percent of the company's global square footage.
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