Walmart Closing Final Locations in Major US City, Months After CEO Warning About Retail Theft

Months after Walmart CEO Doug McMillon issued a warning about how rampant theft will impact its decion-making, the company announced its final two stores in Portland, Oregon, are closing at the end of the month.

“The decision to close these stores was made after a careful review of their overall performance. 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. After we decide to move forward, our focus is on our associates and...