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U.S. retail bellwether Walmart is planning to cut about 1,500 jobs as part of a restructuring push to simplify its operations, according to a memo seen by Reuters.
Two-thirds of Walmart’s merchandise is sourced in the U.S., with groceries now accounting for roughly 60 percent of Walmart’s U.S. business. Still, Walmart isn’t immune.
Walmart is testing some new stores, but you won't be able to shop there. These new "dark stores" are being tested as a better way to fulfill online orders and are not open to the public.
Walmart, for its part, reported sales rose 4.5% in the latest quarter, between February and April. Executives said about two-thirds of Walmart's U.S. goods are grown, made or assembled domestically.