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Three Walmart stores located in the Chicago area are closing after failing to be profitable since they opened nearly 17 years ago.
In a news release, the company said the stores “have not been profitable since we opened the first one nearly 17 years ago.”
“These stores lose tens of millions of dollars a year, and their annual losses nearly doubled in just the last five years,” Walmart officials said.
Employees may be able to transfer to other locations.
There are four other Walmart stores in the Chicago area experiencing similar difficulties.
However, the other four stores will remain open and serving the community despite the revenue loss.
“Community and city leaders have been open and supportive as we met with them over the years to share these challenges,” Walmart officials said.
“As we looked for solutions, it became even more clear that for these stores, there was nothing leaders could do to help get us to the point where they would be profitable.”
These stores will close to the public by Sunday:
#5781 Chatham Supercenter, the Walmart Health Center, and the Walmart Academy, 8431 S. Stewart Ave.
#3166 Kenwood Neighborhood Market, 4720 S. Cottage Grove Ave.
#5645 Lakeview Neighborhood Market, 2844 N. Broadway St.
#5646 Little Village Neighborhood Market, 2551 W. Cermak Road
The pharmacies at these locations will remain open to serve patients for up to 30 days.
The closings come a month after Walmart announced a spate of store closings across the U.S.