On Tuesday, April 11, Walmart introduced it plans to shut 4 failing Chicago shops, citing annual losses within the thousands and thousands.
The announcement
Walmart officers mentioned weak gross sales brought on the closure. Regardless of efforts to enhance enterprise efficiency at these areas, together with constructing smaller shops, localizing product choice and investing $70 million in retailer enhancements and well being clinics, administration mentioned outcomes fell wanting expectations.
In keeping with the corporate, its eight Chicago shops haven’t been worthwhile since its inception 17 years in the past. The pharmacies on the 4 areas are open for as much as 30 days after they shut on April 16. Sufferers have till Might 12 to start a preferential referral course of by calling or visiting the pharmacy.
acc CNBC The areas are reportedly in Chicago’s Chatham, Little Village, Lakeview, and Kenwood neighborhoods.
The information comes simply two months after the corporate closed its pickup-only department in Lincolnwood.
worker state of affairs
All staff at these 4 shops are eligible for transfers to different Walmart areas and might be paid via August 11. Walmart mentioned certified staff would obtain severance pay after that date. The corporate will proceed to function its different 4 Chicago areas. The variety of jobs affected is but to be seen.
This week, hiring managers from close by services might be visiting every of those areas to assist staff discover their subsequent job.
The corporate acknowledged that it supposed to reuse the buildings it could depart behind so they might proceed to be “essential components of their communities.”
