Portland's Anti-Big Business Stance Shuts Walmart Down
Retail industry analysts say that rising concerns over theft may have contributed to Walmart’s decision last month to shutter its Portland stores. But it’s likely not the driving factor.
Theft and other crime, the Walmart watchers said, is surely a concern for the chain. But the impact is rarely enough to close an otherwise successful store without warning, and especially without appeals to local officials for assistance.
“The decision to close down a store is typically linked to sales,” said Neil Saunders, managing director of the retail division at GlobalData, a market analysis firm, “which often has nothing to do with thefts or shoplifting.”
After Walmart announced the pending closure of its two Portland locations, the role of retail theft in its departure took center stage as politicians and commentators sparred over the cause on Twitter. Texas Gov. Greg Abbott took aim at Portland last weekend, blaming the closures on “what happens when cities refuse to enforce the rule of law.”
Portland Mayor Ted Wheeler, however, disputed Abbott’s claim and pointed to the store closures in Texas in recent years, adding, “The retail industry is changing and retail theft is a national issue.”
- - -
Join me in our FREE Discord Community, share stories you’d like me to cover, and chat with other like-minded members. https://discord.com/invite/uJGWFpgDcY
LIKE & SUBSCRIBE for new videos every day. https://www.youtube.com/c/NewsForReasonablePeople
- - -
Reasonable+:
Become a Reasonable+ member to gain access to the entire UNCENSORED catalog: https://reasonabletv.com/
- - -
Ways to Follow!
* Discord - https://discord.com/invite/uJGWFpgDcY
* Rumble - https://rumble.com/c/NewsForReasonablePeople
* Facebook - https://www.facebook.com/newsforreasonablepeople
* iTunes - https://apple.co/2MkFziJ
* Spotify - https://spoti.fi/2Dh8EoL
- - -
#Reasonable #News
-
22:16
News For Reasonable People
1 day agoHip Hop Mogul Sean Puffy Combs arrested and charged with lurid kinky crimes
204 -
15:52
Scammer Payback
1 month agoScammers Located in this Apartment
188K71 -
10:41
Breaking Points
3 days agoARSON, 'FREAK OFFS', LUBE: Diddy Indictment SHOCKING DETAILS
167K69 -
45:44
hickok45
22 hours agoSunday Shoot-a-Round # 247
118K56 -
3:34
Cooking with Gruel
1 day agoBrown Butter Deviled Eggs
106K18 -
11:06
Bearing
18 hours agoThe Office 2024 Australian Reboot Looks GARBAGE
88.8K30 -
28:21
Lloyd And Mandy
22 hours ago $4.56 earnedThe INCREDIBLE Hack Every Online Business Owner MUST KNOW In 2024..
87.7K18 -
0:51
scoutthedoggie
1 day agoWhat's in your Northeast UZI Rob?
70.8K3 -
12:49
Misha Petrov
1 day agoI Triggered The Furries…
92.4K82 -
6:22:05
Akademiks
1 day agoNicki Minaj EXPOSES Jay Z over Finessing HER! Diddy got all his Peers Hiring Lawyers & on the RUN!
182K112