Walmart, Target, Other Retailers Shutter Stores Due to Overwhelming Thefts
by Paul Bois
Walmart, Target, Best Buy, and other mega-retailers have shuttered stores throughout the U.S. due to an overwhelming uptick in thefts.
As Breitbart News reported, reliable retail outlets have begun to make due on their pledge to close stores if crime continues to climb. Just last week, Walmart closed as many as four stores in crime-ridden Chicago.
“The simplest explanation is that collectively our Chicago stores have not been profitable since we opened the first one nearly 17 years ago,” Walmart said in a statement. “These stores lose tens of millions of dollars a year, and their annual losses nearly doubled in just the last five years.”
As reporter John Nolte put it, left-wing cities and states have made shoplifting nearly legal by letting such criminals off with barely a slap on the wrist:
Chicago has one problem… Insane voters. We assumed after current Chicago Mayor Lori Lightfoot lost the Democrat primary that the city was coming to its senses. Well, we were wrong. Turns out Lightfoot wasn’t radical enough for Chicago voters, so they booted her and brought in an even more dangerous left-wing radical, Brandon Johnson. He came into office on the promise to raise about a billion dollars in taxes on corporations and to ensure even more violent criminals run free.
It’s unlikely Walmart is worried about taxes or even violent criminals. The problem is that shoplifting has been all but decriminalized, and these retailers are losing, as you read above, tens of millions of dollars.