On Friday, Walmart announced it will close 269 stores globally as it struggles to compete with online retailers like Amazon.
The news came as US retail figures showed lower than expected holiday sales figures across the market.
Sales rose just 3% in November and December, falling short of the expected 3.7% growth according to the National Retail Federation.
The Walmart closures will affect 10,000 US workers and 16,000 worldwide.
The announcement came three months after Walmart chief executive Doug McMillon told investors the company would focus on becoming more nimble.