Wal-Mart Stores Inc. announced Friday the closing of 269 stores globally, 154 of which are in the U.S. Three of the stores closing are in South Carolina.
The company is closing all of its smallest format stores, Walmart Express, including two in the Upstate.
The Walmart Express store in Pacolet is set to close on Jan. 17, and the one in Gray Court is scheduled to close on Jan. 28.
The Walmart Express stores were part of a pilot program the company started in 2011.
A Walmart Supercenter in Winnsboro is also set to close on Jan. 28.
The total number or stores closing represent less than 1 percent of the square footage and revenue of the approximately 11,600 Walmart locations worldwide, the company said in a release.
The company said it will focus its efforts on strengthening Supercenters, Neighborhood Markets and e-commerce business and expanding pickup services.
“Actively managing our portfolio of assets is essential to maintaining a healthy business,” Doug McMillon, president and CEO of Wal-Mart, said in a statement. “Closing stores is never an easy decision, but it is necessary to keep the company strong and positioned for the future. It’s important to remember that we’ll open well more than 300 stores around the world next year. So we are committed to growing, but we are being disciplined about it.”
The closures are expected to affect about 10,000 employees in the U.S. The company will provide 60 days of pay if possible and severance for eligible employees.
“The decision to close stores is difficult and we care about the associates who will be impacted,” McMillon said. “We invested considerable time assessing our stores and clubs and don’t take this lightly.”