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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
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.
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.
Bose shut down all of its 119 retail stores in 2020 in order to follow a "dramatic shift" to online shopping only. [ 79 ] Carter's announced the closure of at least 200 stores in an earnings call in October 2020; the children's apparel chain planned to close about 80% of its locations by 2022.
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 ...
The closing of many Big Lots stores, as part of its bankruptcy, come in tandem with closures announced by other retailers such as Macy's, Kohl's and Party City, and more recently, JCPenney and Joann.
Deloitte's fastest-growing software company partners with Amazon, ... Convenience stores like 7-Eleven are shutting down, too. Blame it on what people are calling the "retail apocalypse." COVID-19 ...
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 ...