Walmart Closes Four Chicago Stores

[kyredneck]

"...In a rare 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 and serving the community."..."

Walmart's sudden move to close 4 Chicago stores sparks outrage, with critics saying it will drive up grocery costs for the neediest families (msn.com)

 

[Martin Marprelate]

Walmart is not a charity (or so I believe).
If people want stores in these areas, they need to set up a charity to run them and to raise the money to offset the losses.
Volunteer staff can often have a big effect.

 

[DaveXR650]

If people want stores in these areas, they need to set up a charity to run them and to raise the money to offset the losses.

It sounds like for all these 17 years the money to offset the losses has come from everyone who pays more than they should for things purchased at other stores in less disfunctional areas. And I imagine when Walmart came into the area they knocked out the small, or independent grocers and pharmacies who for some reason had tried to make it in that area.

 

[MrW]

"...In a rare 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 and serving the community."..."

Walmart's sudden move to close 4 Chicago stores sparks outrage, with critics saying it will drive up grocery costs for the neediest families (msn.com)

Politicians expect Walmart to operate as a charity.

 

[kyredneck]

Democrats choose Chicago for 2024 convention the same day the city got very bad news… – The Right Scoop

Are Democrats Going to Chicago for the Convention Going to Highlight – PJ Media

 

[Salty]

I would suppose that folks should be upset with the thousands who "shop" at Walmart using the "5 finger" discount!

 

[kyredneck]

I would suppose that folks should be upset with the thousands who "shop" at Walmart using the "5 finger" discount!

...most likely it's not only the shoppers but staff also taking the discount...

 

[Salty]

...most likely it's not only the shoppers but staff also taking the discount...

I was talking to the owner of a Christian Bookstore - down in WV - and she told me that even her employees was taking said discount.

 

[kyredneck]

Complete list of Walmart supermarkets that will close in 2023 by state (msn.com)

"...Arkansas

• 3701 SE Dodson Road, Bentonville (Pick-up Concept Only)

D.C.

• 99 H Street NW, Washington

Georgia

• 1801 Howell Mill Rd NW, Atlanta
• 835 M.L.K. Jr Dr NW, Atlanta

Florida

• 6900 US Highway 19 North, Pinellas Park

Hawaii

• 1032 Fort Street Mall, Honolulu

Illinois

• 17550 South Halsted St, Homewood
• 12690 S. Route 59, Plainfield
• 840 N. McCormick Blvd, Lincolnwood (Pick-up Concept Only)
• 1511 Camp Jackson Road, Cahokia
• 8431 S Stewart Ave, Chicago
• 4720 S. Cottage Grove Ave, Chicago
• 2844 N. Broadway, Chicago
• 2551 W. Cermak Road, Chicago

Indiana

• 3701 Portage Road, South Bend

Minnesota

• 1200 Shingle Creek Pkwy, Brooklyn Center

New Mexico

• 301 San Mateo Blvd SE, Albuquerque

Oregon

• 4200 82nd Ave SE, Portland
• 1123 N Hayden Meadows Dr., Portland

Texas

• 24919 Westheimer Pkwy, Katy

Washington

• 11400 Hwy. 99, Everett

Wisconsin

• 10330 W. Silver Spring Dr, Milwaukee"

 

[Piper]

They closed out local WalMart. Mostly due to crime and shoplifting.

 

[kyredneck]

They closed out local WalMart. Mostly due to crime and shoplifting.

Our’s just completed some major improvements.