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On February 27, 2024, Macy's announced that it would be shuttering 150 locations by 2026, roughly 30% of its total store amount, to focus on small-format stores and an expansion of both Bloomingdale's and Bluemercury. 50 locations were set to close in 2024 alone, and the iconic flagship location in San Francisco's Union Square was designated ...
As of March 2024, it's down to a mere 27 stores, according to Restaurant Business. The closures were reportedly driven by landlord evictions due to unpaid bills and state officials shutting down ...
Family Dollar has announced 677 store closings this year. Walgreens is closing 259. ... Chains are on track to close the highest number of stores in 2024 than any year since 2020, when the Covid ...
A March 14 USA Today article noted after review of finances Dollar Tree plans to close nearly 600 Family Dollar stores in the first half of 2024. Nearly 370 Family Dollar and 30 Dollar Tree stores ...
“We plan on closing approximately 600 Family Dollar stores in the first half of fiscal 2024. Additionally, approximately 370 Family Dollar and 30 Dollar Tree stores will close over the next ...
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 2021, USA Today reported that CVS announced a plan to close nearly 900 stores from 2022 to 2024, with the goal of about 300 per year. At the time, T.J, Crawford, a CVS spokesperson, told the ...
Big Lots, a chain of discount retail stores, is slated to close 35-40 stores this year with bankruptcy looming. Representatives have cited “elevated inflation” and decreased consumer spending ...