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Walmart closed four of its eight stores in Chicago in April 2023, citing unsustainable losses of “tens of millions of dollars a year,” which had nearly doubled over the prior five years. The company explicitly pointed to theft (also called “shrink” or inventory loss) and security issues as major contributing factors, alongside broader profitability challenges. These weren’t random closures — the affected stores (including the Chatham Supercenter and Neighborhood Markets in Kenwood, Lakeview, and
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