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A projected 15,000 stores are expected to close between now and the end of December, and some of the retailers that are shutting down the most locations may surprise you. 10. Best Buy
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, and in late summer of 2022, Bed Bath & Beyond announced plans to close 150 stores, lay off 20% of its corporate and supply chain staff, and eliminate the role of COO and ...
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 ...
Open and closed Red Lobsters in California. OPEN. Bakersfield: 8180 Rosedale Highway. Brea: 250 Brea Mall Way. Canoga Park: 22800 Van Owen Ave. Chula Vista: 598 H Street. Citrus Heights: 6231 ...
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 ...
Convenience stores like 7-Eleven are shutting down, too. Blame it on what people are calling the "retail apocalypse." COVID-19 may have kick-started it, but this isn't just a pandemic problem.
3. Which Stores Are Closing? Check this list to find out if your city is losing a Big Lots: Arizona: Goodyear. California: Alhambra, Arcadia, Bellflower, Inglewood, and La Verne. Colorado: Wheat Ridge
These are tough times for two big US dollar store chains. In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Cents Only said it will go out of business.