How many stores are WalMart closing and why?

As of October 2023, Walmart announced plans to close approximately 20 underperforming stores as part of its strategy to optimize its operations and focus on more profitable locations. These closures are primarily a response to changing consumer shopping habits, increased competition from online retailers, and the need to streamline costs. The company aims to enhance overall efficiency while continuing to invest in its remaining stores and e-commerce capabilities.