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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 ...
Liquidation sales began on May 22, and the stores closed by July 31. [168] Another 8 stores and a distribution center closed in 2018 while over 50 additional stores were expected to close between mid-2019 and late 2020. [169] [170] JCPenney filed for bankruptcy on May 15, 2020, and announced plans to close at least 242 stores. [171]
Like its iconic retro sign, 7-Eleven is known for hot dogs on roller grills and Slurpees—especially when they're free on July 11 every year. But just last week, the parent company of the ...
Known for its 24-hour store operations, the company initially announced the stores would be open from 6 a.m. to 11 p.m. on March 14. However, on March 19, Walmart announced stores would be open from 7 a.m. to 8:30 p.m. until further notice to allow employees time to clean and stock products. [14] [15]
People want convenience. They want low prices. And they won't stick around for stores that don't deliver. For now, the closures keep coming. If pharmacies don't evolve fast, this could just be the ...
Lighter Side. Medicare. News
Macy's has named 66 of the 150 stores that it's planning to close as part of its revitalization plan.. The retailer announced back in February 2024 plans to shut down 150 "underproductive" Macy's ...
Double 8 Foods shut down all of its stores on July 23, 2015 citing decreasing sales as the primary factor for their closing. [11] Customers were not made aware of the chain's upcoming closure until the day the stores closed down. [3] [4] Employees were similarly in the dark regarding their imminent terminations. [11]