Walmart just announced they will close half their Chicago stores because they lose "tens of millions" every year
Welp, there's one more Democrat city losing America's most popular retail chain because they refuse to do anything about crime.
Recently, Walmart closed their last remaining store in the Commie paradise of Portland, and now the retail giant is announcing that they are closing 4 of their 8 stores in the metropolis of Chicago.
Here's Walmart's explanation for why they're closing half of the stores in Chiraq:
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. The remaining four Chicago stores continue to face the same business difficulties, but we think this decision gives us the best chance to help keep them open and serving the community.
Their losses DOUBLED in just the last five years? Hmm, I wonder what bank-breaking things have happened in the last five years?
It couldn't be that five years ago, in 2018, the City of Chicago artificially increased the minimum wage by nearly 60%, only to continue to increase year after year from that time.
Surely that Democrat policy only made the stores more profitable, right?
And it couldn't have anything to do with the tremendous crime wave that's swept the United States since the George Floyd riots!
Chicago used to be one of the great American cities. Even when it was run by the machine politics of Mayor Daly it wasn't as bad as it is today under Lightfoot and the new mayor Brandon Johnson who will continue bad policy.
All of this is going down in Chicago as the Democrats plan to hold the DNC in the Democrat city.
Walmart just announced they will close half their Chicago stores because they lose "tens of millions" every year | Not the Bee