Premium Only Content
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
-
5:10:24
News For Reasonable People
2 days ago🔴 Live Election Night Coverage | 7 pm ET | Nov. 5
9813 -
1:04:13
In The Litter Box w/ Jewels & Catturd
22 hours agoDumbfounded Democrats | In the Litter Box w/ Jewels & Catturd – Ep. 686 – 11/7/2024
113K68 -
1:25:15
FULL SEND PODCAST
6 hours agoBen Shapiro Predicts the 2024 Election Winner and Goes IN on Andrew Tate!
138K43 -
1:47:49
The Quartering
8 hours agoTrump Victory MELTDOWN Goes Nuclear!
159K52 -
1:40:49
SLS - Street League Skateboarding
10 days ago2024 SLS Sydney: Women’s Knockout Round
87.7K1 -
1:08:33
Savanah Hernandez
5 hours agoAmerica’s Golden Era Has Begun: Trump's Day 1 Policies
57.6K55 -
56:02
Uncommon Sense In Current Times
6 hours ago $2.28 earned"Are You a House Negro Or a Field Negro? A Faith Perspective on Freedom with Kevin McGary"
47.8K9 -
17:53
DeVory Darkins
9 hours agoThe View SELF-DESTRUCTS as Kamala CONCEDES Election
72.2K202 -
1:59:12
vivafrei
10 hours agoLive with the Gad Saad! Talking "Suicidal Empathy" and the Post-Election Liberal Meltdown! Viva Frei
100K72 -
1:02:41
Josh Pate's College Football Show
8 hours ago $4.75 earnedWeek 11 Upset Alerts | Florida Keeping Billy Napier | The Playoff Bubble | Cole Cubelic
56.2K