Walmart Closes 150 U.S. Stores Leaving Thousands Of Workers Displaced President Obama recently claimed that our economy is growing stronger, but news like this tells a very different story. According to reports, Walmart just made an announcement that they intend to close 269 of their storesmore than half of which are in the United States. A significant portion of the stores are also located in Brazil. The closings are set to begin this month. The company, which employees a huge number of Americans, promises that they will be working to relocate workers to nearby Walmarts. The company also claims that more than 95% of the Walmarts being closed are within 10 miles of another store. Actively managing our portfolio of assets is essential to maintaining a healthy business, McMillon 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. What do you think of the announcement? Will this cause a spike in unemployment rates? 