Walmart Announces Closure of Four Chicago Stores By Sunday

Walmart Plan To Shut Four Underperforming Stores

Amid millions in annual losses, Walmart announces closure of 4 Chicago non-performing stores by Sunday.

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According to the company, eight Chicago locations have collectively not been financially profitable since they first opened 17 years ago.

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The stores which are to be shut down are located in the Kenwood, Lakeview, Little Village and Chatham neighborhoods of Chicago.

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The four stores will close on April 16, though their pharmacies will remain open for up to 30 days.

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All employees from these four stores can transfer to other Walmart locations. Walmart will continue to keep its other four Chicago stores open.

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Walmart also announced that it would layoff hundreds employees at its e-commerce fulfillment centres across the country.

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The company had more than 5,300 retail locations as of January 31, including Supercenters, discount shops, Sam's Clubs and small-format stores.

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