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In late 2023, Rite Aid announced the closure of 53 more locations. [251] Going into 2024, Rite Aid announced that it would close an additional 77 locations. [252] 53 more stores were added to the closing list in April 2024. [253] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [254]
Retail giant Walmart will close 10 U.S.-based locations this year due to poor financial performance, despite the company's overall 7.3% 2022 Q4 revenue increase. ... Walmart Store Closures in 2023 ...
The closures would allow the retailer to prioritize its approximately 350 Macy’s remaining locations, as well as Bloomingdale’s and Bluemercury beauty and skin care stores.
Kohl's Is Downsizing. Kohl's is set to close 27 underperforming stores across 15 states by April 2025, the chain announced in a recent press release. The closures represent about 3% of the ...
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 ...
Kobacker, two locations in Buffalo, New York; closure announced on December 27, 1972. [361] No relation to Kobacker's Market, a grocery store in Brewster, New York; E.J. Korvette (New York City), closed 1980; Kresge's (multiple locations) Loehmann's, peaked at about 100 stores in 17 states, liquidated in 2014 after several bankruptcies.
Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy
See the full list of Rite Aid store closures for 2024. ... more than 500 stores have closed since 2023. “Rite Aid regularly assesses its retail footprint to ensure we are operating efficiently ...