After two decades of losses and “hundreds of millions of dollars” invested in Chicago, Walmart is shuttering four unprofitable stores in the metropolitan area, reducing its store footprint by half in the crime-ridden city.
Although Walmart didn’t explicitly state why its stores were unprofitable, one can only assume that the city’s ‘soft-on-crime’ policies were a contributing factor, as professional shoplifting rings count Chicago as a top-10 city to hit.
www.zerohedge.com/markets/walmart-shuts-down-four-chicago-stores-due-never-making-profit
Whole Foods Closes San Francisco Flagship Store Over Employee Safety Concerns.
San Francisco’s decline had already transitioned from a gradual to a sudden phase.
That descent is now accelerating.
Whole Foods is closing their flagship San Francisco store on Monday at the end of business hours.
Whole Foods told KTVU that the store on Market Street at 8th is shutting down for the time being because of employee safety concerns. A city supervisor calls the closure temporary.
“To ensure the safety of our Team Members, we have made the difficult decision to close the Trinity store for the time being,” a spokesperson for Whole Foods wrote in a statement.