Chicago Walmart stores closing: Why big box stores can't turn a profit in urban areas

Singapore News News

Chicago Walmart stores closing: Why big box stores can't turn a profit in urban areas
Singapore Latest News,Singapore Headlines
  • 📰 ABC7Chicago
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Walmart announced Tuesday that the company is closing four stores in Chicago.

It was a lengthy fight against the unions to land Chicago's first Walmart at North Ave and Cicero. The West Side big box store has been open since 2006, but 37th Ward Alderman Emma Mitts said it hasn't been easy. She fought hard to get the store in her ward and has worked even harder to keep it.

"Instead of looking at the bottom line, I think these retailers need to focus on where did they drop the ball," said Donnavieve Smith, associate professor of marketing at North Central College. "It's not a loss we want to have in our ward, so we will do whatever we need to do to to make it work, whether it's coming up with a new vision or working on vision already in place," said Dr. Elizabeth Lockhart, with the 37th Ward executive committee.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ABC7Chicago /  🏆 284. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walmart announces 4 Chicago store closingsWalmart announces 4 Chicago store closingsWalmart announced Tuesday it will close four stores in Chicago on Sunday.
Read more »

Walmart closing stores across ChicagoWalmart closing stores across ChicagoWalmart announced on Tuesday they are closing four stores across Chicago.
Read more »

Walmart to permanently close half of its Chicago storesWalmart to permanently close half of its Chicago storesWalmart announced Tuesday it is permanently closing four stores in Chicago due to low profits.
Read more »

Walmart closing four Chicago stores by SundayWalmart closing four Chicago stores by SundayWalmart is closing locations in Chatham, Kenwood, Lakeview, and Little Village, saying the stores are not profitable.
Read more »

Walmart closing 4 Chicago stores, blaming millions in annual lossesWalmart closing 4 Chicago stores, blaming millions in annual lossesWalmart is closing half of its Chicago stores by this upcoming Sunday, saying collectively the stores there “have not been profitable since we opened the first one nearly 17 years ago.'
Read more »

Walmart to Close 4 Chicago Stores in AprilWalmart to Close 4 Chicago Stores in AprilFollowing the closure earlier this year of three suburban stores, Walmart will soon close four Chicago locations, the company announced Wednesday.
Read more »



Render Time: 2025-03-10 01:31:07