3 ms·
This headline (note it was originally published by the conservative rag National Review) is misleading. The executive quote from Walmart alluded to theft as a c
by miguelazo 4y ago
This headline (note it was originally published by the conservative rag National Review) is misleading. The executive quote from Walmart alluded to theft as a contributing factor, but the actual cause was underwhelming financial performance. I’ve been to one of those Walmarts. It was a dump, even before the pandemic. I also can’t think of many people in Portland that shop at Walmart— many better options.
- defrost 4y agoAn earlier publishing of the Walmart Company Statement was made by KPTV and referenced by the later National Review article (echo'd in full by the linked Yahoo! copy pasta). KPTV made no mention of theft, National Review "linked" that to Walmart closures via a throw to a contextless statment made by Walmart CEO Doug McMillion in December 2022. The official specific statement (as quoted by KPTV) was: Walmart says they are closing the stores because they were not meeting financial expectations. “The decision to close these stores was made after a careful review of their overall performance. We consider many factors, including current and projected financial performance, location, population, customer needs, and the proximity of other nearby stores when making these difficult decisions." https://www.kptv.com/2023/02/23/2-portland-walmart-stores-close-march/ https://www.kptv.com/2023/02/23/2-portland-walmart-stores-cl... https://www.nationalreview.com/news/walmart-set-to-close-all-stores-in-portland-amid-record-breaking-retail-theft/ https://www.nationalreview.com/news/walmart-set-to-close-all...
- miguelazo 4y agoThank you for that additional info. Indeed-- there was not even a mention of theft in relation to these particular closings in the announcement. National Review disingenuously connected this announcement with other comments related to theft.