Lori Lightfoot, the outgoing mayor of Chicago, said she was 'incredibly disappointed' by the decision.
Walmart is to shutter four stores in Chicago that"lose tens of millions of dollars a year."
Lightfoot urged the retailer to make sure the closed stores were"repurposed with significant community engagement so they can find a new use to serve their neighborhoods." The four stores were temporarily closed for several weeks in 2020, due to unrest following the murder ofWalmart said in its press release announcing the permanent closures:"The simplest explanation is that collectively our Chicago 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.
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