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> 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 y
by PKop 4y ago
> 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.
Is it not interesting that they ran never-profitable million-dollar losing stores for 17 years, and that the losses doubled in the last 5?
- burkaman 4y agoNo, I don't think so. That seems like a relatively normal thing for a megacorporation with 10,000 stores worldwide. I'm sure it's interesting to some people - if you live in Chicago, if you're an active Walmart investor, if you're a retail industry analyst, but none of that seems particularly relevant here. Presumably every news story is interesting to someone. Also corporate PR is not generally very trustworthy, so the only thing you can take at face value here is that they are closing four stores.