STATEN ISLAND, N.Y. — Walmart plans to close 20 of its stores across 12 states and Washington, D.C., in 2023. The popular retailer initially said it would close 15 stores, but that number has expanded to 20. Walmart is closing four locations in Chicago in April, citing financial losses. It also closed its last Portland, Ore., store in March. The Portland stores were not meeting financial expectations, according to a company spokesperson. Walmart CEO Doug McMillion has also told media outlets that record-breaking retail theft hurt the company's economic performance in 2020. Walmart also will lay off about 200 people at a New Jersey distribution center and hundreds more in Texas, California, Florida and Pennsylvania, according to a Reuters report. Walmart is not the only big-box retailer to announce planned closings. Target has also announced plans to close stores in several locations.