269 Walmart stores closing — but NJ’s spared the axe
Walmart is closing 269 stores worldwide after a review of the company's 11,600 stores around the world — but none are in New Jersey.
Of the 269 closing, 154 of the stores are in the United States, including all all 102 Walmart Express locations.
The company said 16,000 employees will be affected, 10,000 of whom are in the U.S.
Employees who lose their jobs will receive 60 days of pay and severance, plus resume and interview skills training.
The northeast was spared any closings except for three Sam's Club locations in southern New England.
Walmart has 106 locations in New Jersey, including 10 Sam's Clubs.
“Closing stores is never an easy decision, but it is necessary to keep the company strong and positioned for the future,"Doug McMillon, Walmart's president and CEO said in an announcement Friday. "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.
McMillon said Walmart is opening 50 to 60 supercenters, 85 to 95 Neighborhood Markets and 7 to 10 Sam's Clubs in the United States this year.