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Liquidation sales began on May 22, and the stores closed by July 31. [162] Another 8 stores and a distribution center closed in 2018 while over 50 additional stores were expected to close between mid-2019 and late 2020. [163] [164] JCPenney filed for bankruptcy on May 15, 2020, and announced plans to close at least 242 stores. [165]
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 March, the monthly retail sales volume fell sharply by 5.1%, as many stores ceased trading from March 23 following official government guidance during the pandemic. [86] Tesco and other retailers start to impose limits on the sale of essential items. [87] Retailers say online and click-and-collect services are at "full capacity". [88]
Science & Tech. Shopping
AMSTERDAM (Reuters) -The city of Rotterdam is to put a one-year freeze on the introduction of any more "dark stores" - small distribution centres in the city used as hubs for on-demand grocery ...
Venture capitalists have invested billions of dollars in fast grocery delivery services such as Turkey's Getir and Germany's Gorillas and Flink, in a race to meet soaring demand after lockdowns ...
Supermarkets began opening dark stores to assist with distribution in geographical areas where there was a high demand for online delivery. [3] Retail companies with dark stores usually operate fleets of light trucks to deliver orders made online, particularly to inner urban areas, avoiding disruptions to offline store operations.
The company donated all of the remaining food at the shuttered supermarkets to food shelters near their stores. "Stop and Shop is a business in some trouble. It changed CEOs in September.