Liberal City Loses Major Retailer as Company Pulls All Stores from the Area

Click here to read the full article.

Walmart is pulling out of Portland, Oregon, as retail crime spikes in the city.

The chain’s two stores will close March 24, according to The Oregonian.

“There is no single cause for why a store closes – we do a thorough review of how a store performs and weigh many factors before making the difficult decision to close a facility,” Lauren Willis, a Walmart representative, said.

Willis said none of Walmart’s other stores in Oregon will be closing.

The decision means 580 workers will lose their jobs, according to The Oregonian.

Fox Business noted that the closures come after Walmart CEO Doug McMillon said retail theft could play a factor in keeping or closing stores.

Continue reading here.

Scroll down for comments and share your thoughts!