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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 ...
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.
Science & Tech. Shopping
The closing of many Big Lots stores, as part of its bankruptcy, come in tandem with closures announced by other retailers such as Macy's, Kohl's and Party City, and more recently, JCPenney and Joann.
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.
Today's suburban supermarket model requires more space than older, urban facilities can accommodate, [7] meaning that urban supermarket development often requires the construction of new facilities. While suburban supermarkets are typically 45,000 square feet (4,200 m 2 ), urban supermarkets are only 25,000 square feet (2,300 m 2 ) on average.
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 ...
This week, Gap rolled out a limited-time initiative to support Black businesses by selling shirts and hoodies from six Black designers from Harlem’s Fashion Row online and in select stores ...