21 April 2019

Wal-Mart to close 50 stores in China and Brazil, paper says

United States retail giant Wal-Mart Stores Inc. will close some 50 underperforming stores in China and Brazil, Beijing Times reported on Thursday, citing the company’s annual investor meeting on Wednesday. Wal-Mart China, which currently owns 400 stores in the mainland, said the move was a response to market changes to enhance store quality, the report said.

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