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At the beginning of this year, Walmart announced its plans to close several of its stores.. So far, most of them have been closed. The reason behind this decision is that these stores are not meeting the established sales expectations.
And now Walmart wants to focus on profitable stores and their online sales.
“The simplest explanation is that, as a whole, our Chicago stores have not been profitable since we first opened nearly 17 years ago.: These stores lose tens of millions of dollars a year and their annual losses have nearly doubled in the last five years,” Walmart said in a statement.
“The four remaining Chicago stores continue to face the same business difficulties, but we believe this decision gives us the best opportunity to help keep them open and serving the community,” he added.
Walmart said they are going to help employees at those stores get jobs at other company stores. Workers who do not want to work in another store will be financially compensated for their dismissal.
Here are the 21 stores that Walmart has already closed this year, according to the Cord Cutters News portal:
1–#5781 Chatham Supercenter, the Walmart Health center, and the Walmart Academy, 8431 S. Stewart Ave.
2–#3166 Kenwood Neighborhood Market, 4720 S. Cottage Grove Ave.
3–#5645 Lakeview Neighborhood Market, 2844 N. Broadway St.
4–#5646 Little Village Neighborhood Market, 2551 W. Cermak Road.
5–3701 SE Dodson Road, Bentonville.
6–99 H Street NW, Washington.
7–1801 Howell Mill Rd NW, Atlanta
8–835 MLK Jr Dr NW, Atlanta.
9–6900 US Highway 19 North, Pinellas Park.
10–1032 Fort Street Mall, Honolulu.
11–17550 South Halsted St, Homewood
12–2690 S. Route 59, Plainfield
13–840 N. McCormick Blvd, Lincolnwood
14–3701 Portage Road, South Bend
15–1200 Shingle Creek Pkwy, Brooklyn Center
16–301 San Mateo Blvd SE, Albuquerque
17–4200 82nd Ave SE, Portland
18–1123 N Hayden Meadows Dr., Portland
19–24919 Westheimer Pkwy, Katy
20–11400 Hwy. 99, Everett
21–10330 W. Silver Spring Dr, Milwaukee
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