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Wel well Chicago loosing business besides new yorkistan cityChicago Walgreens Closing Store After Losing Over $1 Million to Theft and Violent Incidents.The Chatham location at 8628 S. Cottage Grove Avenue is shutting down despite $400,000 spent on security. Locals are calling it “first-degree corporate abandonment.” 6th Ward Alderman William Hall criticized the decision, noting it hurts seniors and residents.