Why is Walmart closing in Portland

These closures are the latest in a series of businesses relocating from Portland, or shutting down altogether. Many of them cite rising crime and homelessness ...

Walmart is closing its last remaining stores in Portland, Oregon the latest in a series of shutdowns at the nation's largest retailer.

The locations are in H [ayden Meadows and East Port Plaza.](https://news.yahoo.com/walmart-set-close-stores-portland-154823875.html) The closures came after a “thorough review process,” Walmart said. [confirmed to The Hill ](https://thehill.com/homenews/nexstar_media_wire/3871158-walmart-to-close-two-more-underperforming-stores-company-confirms/)it is closing its last two stores in Portland, Oregon’s largest city, on March 24.

Walmart is all set to shut down operations in Portland, Oregon, as the company announced the closure of its final two locations.

Multiple customers from Portland, Oregon, may also have to look for alternative stores for their With crime rates in Portland, Oregon, on the rise, multiple stores have been shutting down their services over the last few years. The last two stores that have been operating in the region will be shut down by the end of March. The two retail stores located at Hayden Meadows and East Port Plaza will stop offering their services to the public by March 24, 2023. "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. Walmart is all set to shut down operations in Portland, Oregon, as the company announced the closure of its final two locations.

The last two Walmart stores in Portland, Oregon, are closing their doors as companies across the board experience surges in retail theft.

The Retailers are bolstering security efforts to counteract these increasingly dangerous and aggressive criminal activities.” While our underlying business is strong, these specific stores haven’t performed as well as we hoped," a spokesperson told the Washington Examiner. It is higher than what it has historically been." Doug McMillon said that "theft is an issue. We have nearly 5,000 stores across the U.S., and unfortunately, some do not meet our financial expectations.

Local news says the last two Portland stores will close March 24, and about 600 workers will be laid off. “The decision to close these stores was made after a ...

But if Walmart doesn’t get cooperation from local law enforcement, “prices will be higher, and/or stores will close.” [Last month](https://www.producebluebook.com/2023/02/10/walmart-closes-pickup-only-pilots-among-half-a-dozen-underperforming-locations/), Walmart closed its last two pickup-only locations, one in suburban Chicago and one in Bentonville, along with several other underperforming locations. ](https://www.msn.com/en-us/money/companies/walmart-to-shutter-portland-locations-just-months-after-ceo-s-warnings-on-crime/ar-AA18deNp) [Walmart CEO Doug McMillon told CNBC in December](https://www.producebluebook.com/2022/12/07/walmart-target-thefts-increasing-could-cause-price-increases/) that theft has been higher than historical levels, and Walmart works with local law enforcement to manage it. After we decide to move forward, our focus is on our associates and their transition, which is the case here,”

Walmart is reportedly closing its stores in all Portland locations in 2023 for different reasons which we have mentioned here.

I think local law enforcement being staffed and being a good partner is part of that equation. Ahead of the announcement regarding the store closure, CEO Doug McMillon issued a warning about “shrink”- which refers to in-store theft or robbery. “Theft is an issue. [Walmart ](/en-gb/topic/walmart/)is reportedly closing all of its locations in Portland over financial reasons. [crimes](/en-gb/topic/crime/) in the state. Walmart is reportedly closing its stores in all Portland locations in 2023 for different reasons.