Walmart shuttering half its Chicago stores
Walmart shuttering half its Chicago stores
Collectively Walmart's Chicago stores have not been profitable since the company 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. As a result four of its eight Chicago locations will close to the public by Sunday, April 16.
"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 and serving the community," the company said in a statement.
Walmart said it has tried many