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You'd think a chain like Best Buy would be immune to store closures given the number of consumers who prioritize spending on electronics. But Best Buy is making plans to close 10 to 15 stores in 2025.
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few ...
Here are companies that have temporarily closed their brick-and-mortar stores to slow the spread of COVID-19 in the U.S. Coronavirus closures: These stores temporarily shut their doors Skip to ...
This section's factual accuracy may be compromised due to out-of-date information. The reason given is: Many emergency declarations have been lifted or expired, as have many stay-at-home and mask orders.. Please help update this article to reflect recent events or newly available information. (July 2021)
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of ...
Town Shoes, owned by DSW, announced on August 29, 2018 that all of its stores in Canada would close. The stores shut down by early 2019. [305] Toys "R" Us filed for Chapter 11 bankruptcy in September 2017 with over $5 billion in debt. [306] [307] It announced that its Canadian subsidiary would seek bankruptcy protection in parallel proceedings ...
The COVID-19 pandemic exacerbated many issues affecting retailers, as many were forced to shut down due to non-pharmaceutical interventions that were issued in an effort to mitigate the pandemic. [35] At the same time, online shopping boomed during the coronavirus-related lockdown, even though it came back down starting in 2022. [36]
Despite the shutdown of stores, Planet Fitness, Inc. (PLNT) members have the option for in-home workouts. Planet Fitness Shuts Down Stores Due to Coronavirus Outbreak Skip to main content