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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.
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
Additionally, the Detroit Free Press reports that Rite Aid will close all of its stores in Michigan. The chain also closed a distribution center in Pontiac, Michigan, a move that cost 200 workers ...
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.
In early summer 2018, Scene75 Entertainment purchased the former Marshall Field's/Kaufmann's/Macy's building and tract. Soon after Scene75 on October 11, 2019 they were open to the public. [7] On December 28, 2018, it was announced that Sears would also be closing as part of a plan to close 80 stores nationwide. The store closed in March 2019. [8]
Rite Aid is closing 15 more stores in Ohio, including stores in Massillon and Alliance. The stores at 242 Lincoln Way W in Massillon and 1895 W. State Street in Alliance are among the 27 closures ...
Macy's announced Tuesday it will shut down 150 stores through 2026, with 50 locations shuttering this year. Macy's to shut down 150 stores by 2026. How many Ohio locations are left?
The company’s stores are on average approximately 20,000 square feet, more than double the size of a typical dollar store chain. “It was like trying to run a McDonald’s on five times the ...