The news arrives as Chicago continues to experience a crime wave
Walmart is shutting down four stores, has decided to close its four stores in Chicago before the end of this week, saying that these stores have failed to earn profits in years.
Impact of Crime-Wave in Chicago
These stores are located on the city’s south and west side and are facing intense crimes in addition to losing millions each year. It has been found that these stores are not making any profit for several years and annual losses doubled in the last 5 years.
“The simplest explanation is that collectively our Chicago stores have not been profitable since we opened the first one nearly 17 years ago,” Walmart said.
Walmart has decided to transfer its employees to other stores though Walmart is shutting down four stores. Thereafter, these employees will have the option to choose another Walmart or Sam’s Club location. However, if they are not willing to transfer to another location, all of them will get regular salaries and benefits through August 11.
Walmart is shutting down four stores
Affecting the Lives of Many
“The decision to close a store is never easy. The impact is greater than just closing a building. It affects people—people who work in, shop in, and live in communities near our stores—and we never take that lightly. Treating people and communities with respect and compassion during this transition will guide everything we do,” the company said in a press release.
From Hawaii to Washington D.C., other 11 Walmart stores have been closed and addressed the “Business Difficulties” in their organization. The list includes Walmart shops in Washington, Minnesota, Wisconsin, Indiana, Florida, Hawaii, New Mexico, and Arkansas. In the last week, Walmart announced that Walmart is shutting down four stores it will abandon more than 2,000 warehouse jobs. It includes more than 1,000 roles at a warehouse in Texas, 200 in New Jersey, 400 in Florida, and 600 jobs at a Pennsylvania fulfillment center. However, after closing these stores the pharmacies at these stores will remain open for up to 30 days to serve patients.
