Walmart closing 4 more ‘underperforming’ stores

Walmart is closing four additional stores, the company announced today.

All of the stores slated for closure are located in Chicago. The shutdowns come after the nation’s largest retailer announced it was closing seven locations across five states: one each in New Mexico, Wisconsin, Arkansas, and Florida and three others in Illinois.

“We know the community will have questions about why we are closing these locations,” Walmart said in a statement. ” 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.”

The following stores will close by Sunday, April 16:

No. 5781 Chatham Supercenter, the Walmart Health center, and the Walmart Academy, 8431 S. Stewart Ave.
No. 3166 Kenwood Neighborhood Market, 4720 S. Cottage Grove Ave.
No. 5645 Lakeview Neighborhood Market, 2844 N. Broadway St.
No. 5646 Little Village Neighborhood Market, 2551 W. Cermak Road

All associates in the stores are eligible to transfer to another Walmart location. All associates will be paid trough Aug. 11, unless they transfer to other locations, and those who don’t stay with the company are eligible for severance benefits.