Walmart is shutting down four stores in Chicago as they bleed money.
The stores closing Sunday are throughout the city, from the Lakeview neighborhood in the north to Little Village in the west and stores in Kenwood and Chatham on the south side.
The location in Chatham also housed a clinic and“The simplest explanation is that collectively our Chicago 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 its remaining four stores in the city face similar challenges but the closures will give them a better chance of staying open.
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