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The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
TGI Fridays has closed 50 locations this year, according to Restaurant Business, and this month alone, restaurants in Charlotte, North Carolina; Charleston, South Carolina; Grand Chute, Wisconsin ...
She doesn’t plan to sell the business, just clean up and look for her next chapter. The process of going through a sale, she said, is too laborious and slow. Deva Cafe in Modesto, Calif ...
The grocer, bought by a Thai company in 2014, closed its last remaining store in October 2019 and reported that it had one remaining employee and more than a half-million dollars in liabilities ...
On the same day, Urban Outfitters, Verizon, and T-Mobile all announced their intentions to temporarily close stores as well. [13] The US's largest retailer, Walmart significantly reduced its hours across the nation. 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.
Pop up retail store sign. The term pop-up retail can be traced to the late 1990s, although temporary retail options, such street markets and fairs, have existed for centuries [2] European Christmas markets, seasonal farmer's markets, holiday fireworks stands, Halloween costume shops, consumer expos, and event-specific concessions are other examples of temporary retailing.
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