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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 ...
Party City closed 45 of its 870 stores in 2019, up from its usual 10 to 15 closures each year. [234] On January 18, 2023, Party City filed for Chapter 11 bankruptcy, [235] and a month afterward, announced the closure of 22 stores. An additional 9 stores were added to the closing list in April as well as 4 more locations in May. [236]
Today's suburban supermarket model requires more space than older, urban facilities can accommodate, [7] meaning that urban supermarket development often requires the construction of new facilities. While suburban supermarkets are typically 45,000 square feet (4,200 m 2), urban supermarkets are only 25,000 square feet (2,300 m 2) on average ...
Science & Tech. Shopping
After years of investing in self-checkout machines, some major retailers are starting to reverse course. Dollar General said it has eliminated self-checkout options at about 12,000 locations, a ...
CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans to close 900 stores by 2024. Walgreens said in 2019 it would close 200 stores and in June announced ...
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.
Convenience stores like 7-Eleven are shutting down, too. Blame it on what people are calling the "retail apocalypse." COVID-19 may have kick-started it, but this isn't just a pandemic problem.