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Retail industry closures soared in 2024, with more than 7,100 stores shutting down through the end of November — a 69% jump from the same time last year, according to research firm CoreSight.
Mercer said the retailers that are shuttering stores tend to fall in three categories: They are closing all locations as part of a liquidation, such as Party City; shutting down many of their ...
A projected 15,000 stores are expected to close between now and the end of December, and some of the retailers that are shutting down the most locations may surprise you. 10. Best Buy
Why Is JCPenney Closing More Stores? JCPenney filed for bankruptcy back in 2020. Since then, about 240 of its stores have closed. Right now, there’s about 650 locations left in the U.S.
The grocery chain Stop & Shop plans to close 32 stores: 8 stores in Mass, 5 in CT, 7 in New York, 2 in RI and 10 in NJ.
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 ...
In January, Macy's named 66 of the 150 "unproductive" stores it plans on closing by 2026. The timeline on the closures is unclear, but clearance sales began last month and were expected to last 8 ...
Though Stop & Shop once had over 400 locations, it's now down to about 350: 81 in Connecticut, 115 in Massachusetts, 47 in New Jersey, 91 in New York, and 25 in Rhode Island.