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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.
Many back to school sales were delayed or experienced lesser sales than previous years as uncertainty after changes in the school year led to increased unease over buying unneeded supplies. [62] [63] The discount department store chain, Stein Mart, filed for bankruptcy on August 12. By the end of October 2020, all stores had finished the ...
Customers shop in the deli meat aisle of a grocery store on October 17 in Miami, Florida. (Joe Raedle/Getty Images) It comes as President-elect Donald Trump promises massive tariffs that could ...
Here are some of the retail stores shuttering doors in 2025. JCPenney Torrington Properties, a Boston-based commercial real estate development company, has purchased the Newington building housing ...
Target also announced steps to limit or eliminate self-checkout options at some stores this year, and Amazon is pulling its “Just Walk Out” cashierless checkout system from its grocery stores.
Supermarkets began opening dark stores to assist with distribution in geographical areas where there was a high demand for online delivery. [3] Retail companies with dark stores usually operate fleets of light trucks to deliver orders made online, particularly to inner urban areas, avoiding disruptions to offline store operations.
Earlier this month, Target announced a Deal Days event from Oct. 6 to Oct. 8, to help deal seekers “find savings on hundreds of thousands of items online and in stores,” according to an ...