MIAMI (CBSMiami) — Wal-Mart has announced they will be closing more than 150 stores across the U.S.READ MORE: Police Investigate Attack On Woman Who Was Out For Jog In SW Miami
It’s expected to impact about 16,000 workers globally.
Of the 154 American stores being closed, 102 of those will be the smallest format stores, Wal-Mart Express, which had been in pilot since 2011.READ MORE: Orange Blossom Classic Returning To South Florida
More than 95 percent of those stores are within 10 miles of another Wal-Mart. The company said workers who lose their jobs are likely to be placed in nearby locations.
115 other stores around the world will also shut down, a big chunk coming from Brazil.MORE NEWS: Just In Time For Cinco De Mayo: Learn How To Make A Classic Margarita & Delicious Guacamole
Wal-Mart said the closures come amid increasing competition from online rivals like Amazon.