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Walmart closing 4 locations in Chicago

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Posted By: AltaD, 4/11/2023 2:04:29 PM

Chicago: Walmart plans to close four stores in Chicago by mid-April, the company announced Tuesday. The following stores will close on Sunday, April 16: (Snip) Officials with the department store cited profit margins as the reasoning behind the closing. “The simplest explanation is that collectively our Chicago stores have not been profitable since we opened the first one nearly 17 years ago – these stores lose tens of millions of dollars a year, and their annual losses nearly doubled in just the last five years. The remaining four Chicago stores continue to face the same business difficulties,

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Reply 1 - Posted by: mean Gene 4/11/2023 2:08:18 PM (No. 1445854)
It isn't just the shoplifting, but the fact that paying customers prefer not to watch the "shrinkage" take place while they are in line to pay raised prices to cover stolen goods.
28 people like this.

Reply 2 - Posted by: SALady 4/11/2023 2:19:56 PM (No. 1445862)
How does any sane person stay in one of these giant Demon-Rat run cities?!?!?!? I guess if you have a really good job, and you know you can't find a similar job anywhere else, that might explain some of them. But, wow, what a price to pay for a salary!!! I know people talk about a "national divorce", but it isn't really fair. You look at the last few presidential election maps broken down by counties, and there isn't a state in the union where the majority of counties were not red. No, Civil War 2 will be the giant lie-beral cities versus the rest of the country.
24 people like this.

Reply 3 - Posted by: wilarrbie 4/11/2023 2:24:35 PM (No. 1445866)
Racist evil capitalist greedy corporation, expecting to profit off the backs of poor people who can't afford food in the desert. (But their hair and nails are fabulous.)
31 people like this.

Reply 4 - Posted by: Sanddollar 4/11/2023 2:34:03 PM (No. 1445873)
I lived in Chicago in the 1980s and crime was bad then. Now there is no way I would live there. Taxes are worse than when I was there. I now live in a small town. It took me a long time to adjust but now I love it. We don't have a crime problem and business people are trustworthy.
20 people like this.

Reply 5 - Posted by: LC Chihuahua 4/11/2023 2:40:50 PM (No. 1445880)
Watch mayor blame corporate America for city crime. Watch corporate America leave said city. Watch city turn into a wasteland. It is quite obvious that a new mayor has not helped Chicago in the least.
17 people like this.

Reply 6 - Posted by: reefdiver 4/11/2023 2:51:14 PM (No. 1445882)
It's hard to run a business in a war zone.
19 people like this.

Reply 7 - Posted by: LeeBertie 4/11/2023 2:58:33 PM (No. 1445886)
Good timing, WallyWorld. Just yesterday Lori Lightfoot #2 announced that businesses weren't paying "their fair share" of Chicago taxes. Time to move on down the road.
18 people like this.

Reply 8 - Posted by: Jethro bo 4/11/2023 2:59:12 PM (No. 1445887)
Well, looks like one 'big corporation' will not pay its 'fair share' like new mayor Moonbat wants. High crime pushes big cooperations out leading to less taxes on the rich leading to more crime.
14 people like this.

Reply 9 - Posted by: Zeek Wolfe 4/11/2023 3:17:29 PM (No. 1445893)
With this new mayor elected, a Lori Lightfoot on steroids, I do not understand why any businesses other than ghetto stop 'n robs would chose to remain in Chicago.
15 people like this.

Reply 10 - Posted by: Luandir 4/11/2023 3:21:22 PM (No. 1445895)
If the Chicago stores have not been profitable over their 17-year history, then one could surmise that WM Corporate has been running them essentially as a public service, providing low-cost goods to neighborhoods where such things would otherwise be out of reach. Whether WM was expecting economic conditions to turn around, or the city to improve public safety, or whatever - they have seemingly exhausted their patience and are not willing to go on any longer. And the city will become even less livable.
22 people like this.

Reply 11 - Posted by: Northcross 4/11/2023 3:33:15 PM (No. 1445901)
Perhaps the Democrats can have their 2024 convention in one of the empty Walmarts.
33 people like this.

Reply 12 - Posted by: stablemoney 4/11/2023 3:36:44 PM (No. 1445902)
Walmart has put cosmetics and men's personal items behind locks. Also, spray paints and electronic items. They are out of many of the items that are not locked. A friend told me that he had to provide an ID to buy WD40. There is only 1 or 2 check out people, mostly self checkout. The store has cut staff, so good luck finding a person to unlock anything. Store hours have been reduced to 2 shifts, and stocking is now done while you are there. The last time Walmart put any oil or did any repairs on their shopping carts was never, all of them are wrecks. Self checkout thinks old people can read 16 digit barcodes in small print, and key those in. When in the store, you are definitely on security camera, and double coverage at the meat counter. Then, after the greeter sees you chose to go through a person checking you out, the greeter stops and asks to review your receipt. I visited the pharmacy, and was told the pharmacy was closed 12 to 2. The pharmacist is a muslim, and the pharmacy closes for prayer. I think the store needs to quit harassing paying customers.
19 people like this.

Reply 13 - Posted by: udanja99 4/11/2023 3:53:17 PM (No. 1445915)
Self-inflicted wound by the locals but… Mooch will start to screech about “food deserts” in 5, 4, 3 ….
13 people like this.

Reply 14 - Posted by: Buzzman 4/11/2023 4:02:10 PM (No. 1445921)
Show of hands for those who don't understand why this is happening. Anyone? Anyone at all?
9 people like this.

Reply 15 - Posted by: Omen55 4/11/2023 4:03:04 PM (No. 1445922)
Let Chicago die a slow death.
12 people like this.

Reply 16 - Posted by: Dodge Boy 4/11/2023 4:33:46 PM (No. 1445945)
Only four locations?
10 people like this.

Reply 17 - Posted by: ByteGuru 4/11/2023 5:18:43 PM (No. 1445979)
I expect ChiCongo to start doing what Detroit has been doing for the last few years. As the taxpaying population left the Metro area the tax revenue shrank. In response Detroit started bulldozing empty buildings out around the city limits and then shrinking the city limits themselves. This helped the depleted tax revenue cover city services for a while since a smaller area was easier to service. But soon it all had to be done again. ChiCongo is allowing crime to escalate thereby driving taxpayers out of town. Expect the city to start to shrivel up as has Detroit.
11 people like this.

Reply 18 - Posted by: AltaD 4/11/2023 6:11:43 PM (No. 1445998)
If you're wondering why only 4 stores are being closed, it's because Walmart only has a handful of stores in the city. Maybe couple super-centers, the rest are the small neighborhood market stores. For years, maybe going back to Richie Daley, the city has fought the opening of Walmart stores, I believe the issue was unions.
13 people like this.

Reply 19 - Posted by: justavoter 4/11/2023 6:31:53 PM (No. 1446005)
Between the high property taxes and shrink (theft of product) I have always wondered how any retailer can make it in the town.
13 people like this.

Reply 20 - Posted by: TarAndFeathers 4/11/2023 7:23:41 PM (No. 1446028)
Will the steady disappearance of money-losing stores affect Chicago voting patterns? Not a chance!
6 people like this.

Reply 21 - Posted by: or gate 4/11/2023 7:52:45 PM (No. 1446038)
Can we blame them. Zero profit and no merchandise.
8 people like this.

Reply 22 - Posted by: walcb 4/11/2023 7:54:34 PM (No. 1446040)
I don't understand the closing of Homewood and Plainfield, those aren't really in Chicago environment, they should have been profitable.
5 people like this.

Reply 23 - Posted by: wilarrbie 4/11/2023 8:11:49 PM (No. 1446045)
#12, unfortunately, the inconveniences you mention are not intended to harass paying customers, although that is the end result. Anti-theft and self-defense measures hurt everyone, but there is no legal wall to stop all but the most egregious shoplifters. It only takes a few roving packs of thieves a day, each member helping themselves to $899.99 worth of stuff to take all the fun out of capitalism and send the team packing for better arenas.
7 people like this.

Reply 24 - Posted by: ChattyCatsSusan 4/11/2023 9:52:43 PM (No. 1446077)
What took you so long Walmart?
6 people like this.

Reply 25 - Posted by: JHHolliday 4/11/2023 10:11:18 PM (No. 1446084)
Even virtue signaling big companies can’t survive losing their a$$ every day in black dominated big cities. Good luck with your soon to be minuscule tax base.
3 people like this.

Reply 26 - Posted by: padiva 4/11/2023 10:54:31 PM (No. 1446106)
Hat tip to #11. lol
3 people like this.

Reply 27 - Posted by: Old Army Vet 4/12/2023 8:40:54 AM (No. 1446258)
I'm not surprised. Chicago is a cesspool of crime. Why would any business want to be there. Now they have a mayor that is further left than Lightfoot. Good luck with that.l Of course it's Trump's fault.
2 people like this.

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