Walmart closing four Chicago locations because they are 'not profitable'
Walmart is closing four of the eight locations it still has in Chicago, citing lack of profitability as the reason for the closures.
“The simplest explanation is that collectively our Chicago stores have not been profitable since we opened the first one nearly 17 years ago,” a Tuesday Walmart statement said. “These stores lose tens of millions of dollars a year, and their annual losses nearly doubled in just the last five years.”
John Nolte of Breitbart News pointed out that crime has been skyrocketing over the last several years since the George Floyd/BLM protests saw protesters largely get away with destroying property and looting, while local governments moved to defund police.
Chicago just jumped out of the frying pan and into the fire, dumping liberal Mayor Lori Lightfoot only to elect an even more radical progressive in Brandon Johnson.
Walmart and stores like it are suffering under policies that largely ignore shoplifting now. How is that even supposed to work?
Democrats can empty the prisons, but they can’t make us pretend that they haven’t emptied the prisons by risking our life in certain parts of town, Nolte noted. "Democrats can decriminalize shoplifting, but they can’t make businesses pretend shoplifting wasn’t decriminalized by remaining open until they file bankruptcy."