First Mass Walmart Closure

Arkansas based retailer Walmart is closing 269 stores including 154 locations in the United States. The move is expected to result in a reduction of at least 11,000 10,000 jobs in the United States (archived). Walmart has never before engaged in a mass closing of stores in its home territory inside the United States. Of all the indicators pointing to a dire 2016 for fiat enterprises this might be the most dire so far.

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