Walmart Announces It’s Shutting Down Unprofitable Chicago Stores After Investing ‘Hundreds of Millions’

Walmart Announces It’s Shutting Down Unprofitable Chicago Stores After Investing ‘Hundreds of Millions’
Customers shop at Walmart store in Chicago, Illinois on Jan. 11, 2018. Scott Olson/Getty Images
Jack Phillips
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Retail giant Walmart announced Tuesday that it is closing down of its stores in the Chicago area because none of the stores have been profitable and “lose tens of millions of dollars” annually, according to a news release.

After about two decades of continual losses, Walmart said that it also invested “hundreds of millions” of dollars into the four locations, according to the release. However, that still hasn’t helped the firm turn a profit in the area, it said.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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