By Noah Sheidlower
Source: NBC News
Walmart announced Tuesday it will abruptly close four underperforming Chicago stores, citing millions in annual losses.
The company said its eight Chicago stores collectively have not been profitable since the first opened 17 years ago. This has amounted to a loss of “tens of millions of dollars a year,” according to a press release, losses that have nearly doubled over the last five years.
The four stores will close on April 16, though their pharmacies will remain open for up to 30 days. The locations are in the Kenwood, Lakeview, Little Village and Chatham neighborhoods of Chicago.