Walmart Closing Four Chicago Stores

Walmart’s decision to shutter four Chicago stores has drawn ire of elected officials representing the Windy City.

In a rare press release on April 11 announcing store closures, Walmart said bluntly that these 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. “The remaining four Chicago stores continue to face the same business difficulties, but we think this decision gives us the best chance to help keep them open and serving the community.” (Excerpt from msn.)