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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.
Here's what's open (and closed) o New Year's Day 2025. (Getty Images) The problem with having New Year’s Day on a Wednesday is it’s hard to make a long weekend out of it.
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 ...
Macy's also confirmed on Jan. 9 that the retailer would be closing 66 stores as part of an ongoing reorganization strategy. Kohl's locations that have been affected by the nationwide closures include:
1. Albertsons. Select Albertsons locations will be open on Christmas Eve and Christmas Day, usually from 8 a.m. to 4 p.m. But make sure to check your local store for exact hours.
Mercer said the retailers that are shuttering stores tend to fall in three categories: They are closing all locations as part of a liquidation, such as Party City; shutting down many of their ...
Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy
With over 10,000 company-operated stores, 98% of Starbucks stores remained open, staffed by nearly 200,000 workers who are "continuing to serve customers during the holidays," Starbucks said ...