Walmart to close over $5.3B in stores by 2021

Walmart will close about 5,000 stores this year as it expands its retail footprint across the country, the company said in a news release.

The company also said it will shutter another 1,200 stores this month, including one in Florida.

Walmart has a presence in nearly 200 states, including Texas and Oklahoma, according to its website.

It said it plans to shutter stores in New York, New Jersey, and Illinois, which are the home to about 1.6 million people.