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Over 100 U.S. locations will shutter. So long, Billabong. Virtually all Quiksilver, Billabong, and Volcom stores are shutting down in the U.S., and roughly 1,400 employees will be laid off
Investment bank UBS projected that around 50,000 or so U.S. stores will close by 2027, reported Forbes. Reasons for the closures include a lag in consumer spending, banks being less willing to ...
Here are companies that have temporarily closed their brick-and-mortar stores to slow the spread of COVID-19 in the U.S. Coronavirus closures: These stores temporarily shut their doors Skip to ...
The COVID-19 pandemic exacerbated many issues affecting retailers, as many were forced to shut down due to non-pharmaceutical interventions that were issued in an effort to mitigate the pandemic. [35] At the same time, online shopping boomed during the coronavirus-related lockdown, even though it came back down starting in 2022. [36]
This section's factual accuracy may be compromised due to out-of-date information. The reason given is: Many emergency declarations have been lifted or expired, as have many stay-at-home and mask orders.. Please help update this article to reflect recent events or newly available information. (July 2021)
You'd think a chain like Best Buy would be immune to store closures given the number of consumers who prioritize spending on electronics. But Best Buy is making plans to close 10 to 15 stores in 2025.
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of ...
99 Cents Only Stores is closing all of its 371 locations across the US as the company begins to wind down its business operations. The budget retailer announced the closures on Thursday, with ...