Walmart Closes Half of its Chicago Stores
For 17 years, these particular stores have collectively lost money annually
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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