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> In Chicago, Walmart is closing in both low-income and high-income areas, a sign that it’s struggling across the city. But it’s the stores in low-income areas
by pengaru 4y ago
> In Chicago, Walmart is closing in both low-income and high-income areas, a sign that it’s struggling across the city. But it’s the stores in low-income areas that will feel the loss most.
This isn't about crime, it's simple; Amazon is eating their lunch.
When I visited family in the west chicago suburbs last summer, Amazon deliveries on our block were as frequent as the post man. Walmart was consolidation 1.0, Amazon is consolidation 2.0. These people don't bother going shopping irl anymore unless it's in a pinch, and that's not enough to support the huge urban retail presence.