Walmart is shuttering four stores in Chicago, halving its locations in one of the nation’s largest cities and adding to a growing list of closures in urban areas.
So far this year, the nation’s largest retailer has closed locations in D.C., Portland and Atlanta, signaling a retreat from its strategy to attract new customers outside the suburbs and small towns.
Walmart attributed the closures in Chicago to a lack of profitability — the stores there have collectively lost money every year since the first one opened 17 years ago.
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