Walmart is closing 22 retail locations across the US this year, including four in Chicago, citing poor financial performance at each.
The Walmart logo is seen outside a Walmart store in Burbank, California on August 15, 2022
In the latest move, Walmart confirmed Monday that it plans to close a store in Richmond, Virginia, on July 28. “We are grateful to the customers who have given us the privilege of serving them at our Brook Road Neighborhood Market location,” Walmart spokesperson Felicia McCranie said in an emailed statement to Insider.
“We look forward to serving them at our other stores in the surrounding communities including our Brook Road Supercenter just two miles away and on walmart.com.” McCranie added.The recent closures follow a trend of Walmart closing a handful of stores across various states each year, with the company saying that the stores are “underperforming” or falling short of financial expectations. In the case of Chicago, the retailer revealed in April that the four targeted stores “lose tens of millions of dollars a year.”
