About 580 employees will be laid off but will be offered transfers to other Walmart locations.
that record-breaking retail theft has hit the company’s economic performance and could lead to store closures.
“Theft is an issue. It’s higher than what it has historically been,” McMillion said, adding that “prices will be higher and/or stores will close” if authorities don’t crack down on shoplifting crimes.“underperforming” locations across three states: one each in New Mexico, Wisconsin, Arkansas, and Florida and three in Illinois. The closures came after a “thorough review process,” Walmart said.
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