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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 company's stores were sold to a group of liquidators, and its CEO announced that all stores would close by the end of August 2016. [293] [294] Stein Mart filed for Chapter 11 bankruptcy in August 2020 with intent to close all of its locations due to the COVID-19 pandemic. [295] Sur La Table filed for Chapter 11 bankruptcy in July 2020. [22]
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.
The front end of drug stores, where they sell snacks and household staples, have become less profitable, as shoppers buy more of these items online from Amazon and at big-box chains such as ...
CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans to close 900 stores by 2024. Walgreens said in 2019 it would close 200 stores and in June announced ...
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.
According to psychologists, possible explanations for why people believe in modern apocalyptic predictions include: mentally reducing the actual danger in the world to a single and definable source; an innate human fascination with fear; personality traits of paranoia and powerlessness; and a modern romanticism related to end-times, resulting ...
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 ...