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Retail industry closures soared in 2024, with more than 7,100 stores shutting down through the end of November — a 69% jump from the same time last year, according to research firm CoreSight.
Family Dollar has announced 677 store closings this year. Walgreens is closing 259. ... Closures have picked up this year because the retail sector’s sugar high of 2021 and 2022 — when ...
Walgreens announced the closing of 1,200 stores and is expected to close 500 locations in the 2025 fiscal year, and the total closures will amount to 1,200 by the end of 2027. Starbucks
Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [39] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
Last year, Macy’s announced it was closing 150 underperforming stores by 2026, shrinking its footprint to about 350 locations when the plan is finished. The 66 store closings revealed Thursday ...
In April, Express announced it would close 95 retail stores and all locations of one of its clothing brands, ... Best Buy plans to close 10-15 stores in fiscal year 2025, company representatives ...
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
Kohl’s is slated to close more than two dozen store locations across the United States. On Jan. 9, the retailer announced a series of “real estate changes” for the new year, including the ...