Walmart is closing its last remaining stores in Portland, Oregon the latest in a series of shutdowns at the nation’s largest retailer.

A spokesperson confirmed to The Hill it is closing its last two stores in Portland, Oregon’s largest city, on March 24. According to the spokesperson, the stores weren’t meeting financial expectations but said there were “several factors” involved in the decision. The locations are in Hayden Meadows and East Port Plaza.

About 580 employees will be laid off but will be offered transfers to other Walmart locations.

The closures come after Walmart CEO Doug McMillion said in 2022 that record-breaking retail theft has hit the company’s economic performance and could lead to store closures.

“Theft is an issue. It’s higher than what it has historically been,” McMillion said, adding that “prices will be higher and/or stores will close” if authorities don’t crack down on shoplifting crimes.

Last month, Walmart announced it was closing seven “underperforming” locations across three states: one each in New Mexico, Wisconsin, Arkansas, and Florida and three in Illinois. The closures came after a “thorough review process,” Walmart said.

The stores will close on March 24.