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MIAMI (CBSMiami) — Wal-Mart has announced they will be closing more than 150 stores across the U.S.

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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.

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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.

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Wal-Mart said the closures come amid increasing competition from online rivals like Amazon.