Walmart announces store closures in the US – 04/12/2023 – Panel SA

Walmart announced on Tuesday (11) the closure of four of its stores in Chicago, in the United States. The justification is that establishments in the city have not been profitable since the first one was opened, 17 years ago.

“These stores lose tens of millions of dollars a year, and their annual losses have nearly doubled over the last five years,” Walmart wrote in a statement.

The company also claims that it has tried several strategies to improve performance at the site, such as building smaller units. The efforts, however, were unsuccessful, according to the company.

According to Walmart, employees affected by the closures, which take place from Sunday (16), may be transferred to other units.

Joana Cunha with Paulo Ricardo Martins It is Diego Felix

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