Cracker Barrel Leaves Portland, Following Walmart's Lead• https://www.zerohedge.com by Tyler Durden
It seems nary a day goes by when we aren't writing about some major corporation - Target, Walmart, Walgreens, etc. - leaving a major city due to a rise in crime and theft. Today is going to be no different.
The restaurant chain this week acknowledged what Walmart's CEO had already pointed out: that "crime and theft were taking their toll" on companies in Portland and that they would be leaving the city, according to Fox News.
The company officially blamed Covid-19 for the closures, the report says. The company said: "As a standard course of business, we continually evaluate the performance of our stores, using various criteria to ensure we are meeting the needs of our guests and our business."
It continued: "With that, we are saddened that we have been unable to overcome the impact the pandemic had on our business and have made the difficult decision to close the Beaverton, Tualatin, and Bend locations on March 20. The decision to close a store is never one we take lightly, and our focus right now is in assisting our impacted employees during this transition."