Walmart's plan to abruptly close 4 Chicago
stores slammed as 'unethical' and 'unceremoniously
abandoning these neighborhoods'
Posted By: NorthernDog, 4/12/2023 8:45:14 PM
Walmart's decision to shutter four Chicago stores has drawn ire of elected officials representing the Windy City. In a rae press release on April 11 announcing store closures, Walmart said bluntly that these 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 company said. "The remaining four Chicago stores continue to face the same business difficulties, but we think this decision gives us the best chance to help keep them open
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25 replies
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Comments:
They've been losing money since Day One. The stores should have been shut down years ago,