'The largest retailer in the country announced plans this week to close four of its eight stores in Chicago, citing growing financial losses,' writes Nathaniel Meyersohn. 'Three are in predominantly Black and low-income neighborhoods.' | Analysis
But now, Walmart is pulling back from Chicago. The largest retailer in the country announced plans this week to close four of its eight stores in the city, citing growing financial losses. Three are in predominantly Black and low-income neighborhoods, and their closures with little warning mean residents — including elderly citizens and people without reliable transportation — will have to travel further to buy groceries and pick up their medications.
” Solving ‘food deserts’ A similar strategy to rely on national chains to help remedy so-called “food deserts” was a focus on the national level during the Obama administration. It too fell short. Walmart, Walgreens\n \n , SuperValu and other store executives joined Michelle Obama at the White House in 2011 to announce a pledge to open a combined 1,500 stores in communities that have limited access to nutritious food by 2016. But that effort stalled.
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