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U.S. retailers have announced more than 7,100 store closures through the end of November 2024, a 69% jump from the same time last year, according to recent data from research firm CoreSight.
[256] 53 more stores were added to the closing list in April 2024. [257] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [258] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company. [259] Rockport filed for bankruptcy in May 2018. The company that bought the ...
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At least 50 of Denny's lowest performing restaurants will close by the end of 2024, the company said, while 100 other restaurants will be shuttered next year to increase Denny's overall cash flow.
Kohl’s is slated to close more than two dozen store locations across the United States. On Jan. 9, the retailer announced a series of “real estate changes” for the new year, including the ...
The store closed that August, which left JCPenney as the only anchor left. [13] On February 9, 2024, it was announced that JCPenney would close in late spring. The store closed on May 25, leaving the mall with no remaining anchors and cementing its status as a dead mall. [14] [15]
The Cayce spot was the only South Carolina location on that most recent list of closures. There remain roughly 500 Red Lobsters in the U.S., including one on Two Notch Road in northeast Columbia.
The two companies both shared store closure announcements this week, with JCPenney expected to close a "handful" by mid-2025 and Joann to shutter roughly 500 locations. The retailers join other ...