The Walmart supercenter in Germantown, Wisconsin
Walmart is refocusing its physical retail strategy on bigger stores.
  • Walmart quietly reduced its store count in 2023 even though the company was doing really well.
  • In addition to closing underperforming stores, the retailer sold 79 Moosejaw and Bonobos locations.
  • Analysts say the moves are smart preparation for Walmart's big expansion plans that start this year.

Last year was unquestionably a good one for Walmart, with the retail giant showing respectable performance across nearly every aspect of its business.