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The main factor cited in the closing of retail stores in the retail apocalypse is the shift in consumer habits towards online shopping. [22] Holiday sales for e-commerce increased by an estimated 11% to 20% from 2015 to 2016.
GNC closed over 900 stores in 2019, including between 300 and 400 of the chain's 800 shopping mall locations, which have been particularly hard-hit by declining foot traffic at malls overall. [ 144 ] Godiva Chocolatier closed all of its North American retail locations in 2021 after the chocolate company faced a decrease in sales and foot traffic.
Find: Macy’s to Close 37 Stores as the Retail Apocalypse Continues in 2021 NBC News on Tuesday reported that over the last several months, Amazon has gone on a shopping spree with a number of ...
A dead mall, [1] also known as a ghost mall or zombie mall, is a shopping mall that has low consumer traffic or is deteriorating in some manner. [2] Many malls in North America are considered "dead" when they have no surviving anchor store or successor that could attract people to the mall. Without the pedestrian traffic that department stores ...
Kohl's is closing four stores that are either based in or close to malls this year. ... 95% of Kohl's 1,158 stores are located off-mall and in other areas away from enclosed shopping centers.
The retailer is starting store closing sales but trying to find another suiter, it said. ... To see what shopping at the chain is like, I went to a Big Lots store in the Washington, DC, area after ...
We’re talking about the shopping mall, the after-school hangout of tweens and teens everywhere, which has not-so-quietly dwindled from 2,500 sprawling clusters of stores nationw.
Lakeforest Mall, formally the Lakeforest Regional Mall, also known as Lakeforest, is an abandoned enclosed shopping mall located in Gaithersburg, Maryland. The property is currently owned by WRS Inc. Real Estate Investments who is planning to redevelop the site.