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U.S. retailers have announced more than 7,100 store closures through the end of November 2024, a 69% jump from the same time last year, according to recent data from research firm CoreSight.
In 2024, retail closures reached their highest level since the pandemic, according to Coresight Research, with a total of 7,325 locations shuttering. And things aren't exactly looking up for 2025 ...
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations ... closed 7,325 stores in 2024, according to the retail advisory group’s data. That’s ...
Big Lots announced in July 2024 that it would be closing 149 stores in 28 states, citing inflation and competition as the main causes of said closures. [54] In August, additional store closures were announced, bringing the total of closing Big Lots locations to over 300. [55] On September 9, 2024, Big Lots filed for Chapter 11 bankruptcy ...
Online sales grew from roughly 6% of all retail sales in 2014 to 12% by the beginning of 2020. In 2017 and 2018, retailers closed a combined 13,400 stores, according to Coresight. Retailers closed ...
Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy
A List of Rite Aid's 2024 Store Closings: Here is a list of the Rite Aid store closure this year, confirmed by the company. Note: This list will be updated as more store closures are officially ...
Store-closing sales at the affected stores began April 23. Macy’s announced in February that it would close about “ 150 unproductive locations , including approximately 50 by the end of the ...