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Wal-Mart shutters 154 US stores – but Minnesota is spared

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Minnesota Wal-Mart stores have been spared the axe after the retailer announced 154 store closures on Friday.

No Minnesota outlets featured on the list revealed by the supermarket giant, with most of the closures affecting the smaller, Wa-Mart Express stores that were being tested in other states, and its Neighborhood Market concept stores (there aren't any in Minnesota).

A handful of regular supermarkets, Supercenters and Sam's Clubs (owned by Wal-Mart) were also included in the cuts, but those in Minnesota will stay open.

In total, 10,000 workers will lose their jobs and with the retailer also shuttering 115 stores outside the U.S., a further 6,000 international workers will lose theirs.

North Dakota, South Dakota and Iowa have also been spared any closures. There few that are closing in Wisconsin are in the Milwaukee area.

According to the Washington Post, the move away from "small-format" stores is a shift in strategy as it focuses on improving its Supercenters and Neighborhood Markets, despite 23 of the latter closing down,

In its announcement, Wal-Mart said it will continue to invest in new stores, saying it will open 50 to 60 Supercenters and 85 to 95 Neighborhood Centers in 2017, while Sam's Club will open seven to 10 new locations next year.

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