BREAKING NEWS: Walmart closing 4 Chicago stores, blaming millions in annual losses
"It was hoped that these investments would help improve our stores’ performance," Walmart said in press release, but "Unfortunately, these efforts have not materially improved the fundamental business challenges our stores are facing." Those employed by the stores that are soon set to close are now eligible to transfer to work at other Walmart locations.
An employee unpacks Black Friday sales merchandise in an aisle at a Walmart location in Chicago, Illinois, , on Wednesday, Nov. 25, 2015. Walmart said Tuesday its stores in the city, collectively, haven't been profitable. "Hiring managers from surrounding facilities will be in each of these stores this week to help associates begin finding their next opportunity," according to Walmart.
The company said it hopes to repurpose the buildings it’s leaving behind so they remain "important parts of their communities." After that date, Walmart said those eligible will receive severance benefits. Walmart said it has tried different strategies to improve the business performance of its Chicago stores, but"these efforts have not materially improved the fundamental business challenges our stores are facing."FOX Business has reached out to Walmart and the Chicagoland Chamber of Commerce for further comment.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Walmart closing four Chicago stores by SundayWalmart is closing locations in Chatham, Kenwood, Lakeview, and Little Village, saying the stores are not profitable.
Consulte Mais informação »
Walmart announces 4 Chicago store closingsWalmart announced Tuesday it will close four stores in Chicago on Sunday.
Consulte Mais informação »
‘Chicago Fire,’ ‘Chicago PD’ and ‘Chicago Med’ Renewed at NBCDespite the many changes in the One Chicago world, “Chicago Fire,” Chicago P.D.” and “Chicago Med” have all been renewed, NBC announced on Monday. Dick Wolf’s pr…
Consulte Mais informação »
NBC Renews 'Chicago Fire,' 'Chicago Med' and 'Chicago P.D.' For 2023-2024 SeasonThe whole OneChicago slate has been renewed at NBC, with Season 12 for ChicagoFire, Season 11 for ChicagoPD, and Season 9 for ChicagoMed.
Consulte Mais informação »
Walmart closing stores across ChicagoWalmart announced on Tuesday they are closing four stores across Chicago.
Consulte Mais informação »
White Sox trade José Ruiz to Diamondbacks for cash considerationsThe Chicago White Sox traded reliever José Ruiz to Arizona on Sunday for cash.
Consulte Mais informação »