Walmart is shutting down its only two locations in Portland, Oregon, citing financial reasons. Walmart CEO Doug McMillon previously warned rampant crime could lead to store closures.
Doug McMillon, chief executive officer of Walmart Inc., speaks during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., on Thursday, Dec. 6, 2018. The summit features discussions with Americas top chief executive officers, g
A Walmart spokesperson told Fox News Digital when asked about McMillon's comments that "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," the spokesperson said. "We consider many factors, including current and projected financial performance, location, population, customer needs, and the proximity of other nearby stores when making these difficult decisions. Our focus right now is taking care of our associates during this transition and working with our customers to transition their pharmacy, and other, shopping needs to nearby stores.
"Our city is in peril," a printed note posted on Rains PDX store read. "Small businesses cannot sustain doing business, in our city’s current state. We have no protection, or recourse, against the criminal behavior that goes unpunished. Do not be fooled into thinking that insurance companies cover losses. We have sustained 15 break-ins … we have not received any financial reimbursement since the 3rd.
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