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Walmart is closing or has closed stores in 10 states, including Louisiana, Arizona, California, Virginia, South Carolina, and Tennessee.
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[252] 53 more stores were added to the closing list in April 2024. [253] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [254] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company. [255] Rockport filed for bankruptcy in May 2018. The company that bought the ...
The store closed on February 27, 2021. [16] On April 1, 2021, it was announced that Best Buy would reopen as Best Buy Outlet in May 2021. [17] On February 12, 2021, it was announced that Sears would also be closing as part of a plan to close 32 stores nationwide. The store closed on May 2, 2021. [18]
Like Walmart, Walgreens is also closing stores, but not 900 of them. In summer 2023, the company said it would close 450 outlets, but only 150 are located in the U.S.
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 ...
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