Walmart, which has three stores in the District, denies any wrongdoing in the termination of its lease in Southeast Washington. (Mike Blake/Reuters)Walmart, the world’s largest retailer, has agreed to pay the District $1.3 million after abruptly scrapping plans to open a store in one of Southeast Washington’s poorest neighborhoods. City officials say Walmart had agreed to open two stores in underserved areas as part of its deal to set up shop in the District. But in early 2016, Walmart canceled its plans for the two stores and announced it would close 269 stores worldwide, including 154 in the United States. Retail’s newest bad word: Walmart drops ‘stores’ from its formal nameMayor Bowser won’t get a chance to confront Walmart at retail conference

Source: Washington Post March 29, 2018 16:10 UTC