pjmedia.com
Discount retail giant Walmart is only the half the giant it once was in Chicago, saying this week that it will shutter four of its eight locations there. The Washington Post says the move signals “urban struggles.”
Outgoing mayor Lori Lightfoot, who has overseen a massive spike in murder and other crimes, said in a statement, “Unceremoniously abandoning these neighborhoods will create barriers to basic needs for thousands of residents.”
According to Walmart’s official statement, their eight locations “lose tens of millions of dollars a year.” The company has apparently never made a profit at its Chicago locations. “The remaining four Chicago stores continue to face the same business difficulties,” the statement reads, “but we think this decision gives us the best chance to help keep them open and serving the community.”
Translation: If closing half our stores doesn’t quickly drive traffic to the survivors, we’ll have to shutter them, too.
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