Walmart to close 7 stores in India

Walmart is closing 7 stores across India, including a store in Tamil Nadu.

The chain announced on Tuesday that it would close its remaining outlets in Tamilna and Kannur in the country’s most populous state, the latest in a series of moves to reduce costs in a country where consumer spending is among the most expensive in the world.

Walmart is the latest to announce closures of Indian outlets in recent months.

The retailer closed a store near Hyderabad in May, but the decision was reversed earlier this month after the Indian government said it wanted to make it more attractive for Indian consumers.

India has the third-highest retail spending in the developed world after the U.S. and China, and Walmart is the biggest single retailer in India.

The retailer is targeting more than $1 billion in savings over the next two years, according to a statement on its website.

Wal-Mart has faced criticism in recent years over its decision to move its headquarters to Mexico from its current headquarters in Bentonville, Arkansas.

Walmart’s chief executive has said the move was necessary for the company to focus more on its core business.