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Many other retailers have blamed crime for closing stores. “When you have so many retailers all pointing to store theft and all saying the same thing, then it seems to a trend taking hold ...
CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans to close 900 stores. And Rite Aid filed for bankruptcy last year and will close up to 500 stores.
Target is closing 9 stores in 4 states (all blue). Walgreens is closing 900 stores (mostly blue),” the post reads. All three retail chains have closed, or plan to close, multiple store locations.
Target’s decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations, is the latest signal that retailers may be struggling in their battle to ...
As October draws to a close, so too will the doors of Stop & Shops stores in five states come November. The grocer first announced the closure of 32 "underperforming" stores in July, saying ...
Target announced Tuesday it will be closing nine stores across four states in October because of theft and crime. The company said they tried taking “meaningful steps” to improve guest ...
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 ...
Franchise Group Inc. said that they are closing American Freight due to, "sustained inflation and macroeconomic challenges facing the large durable goods sector," in a news release announcing the ...