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Two major retailers announced store closures to start the year. Macy’s and Kohl’s store locations across the nation will soon be going dark, according to Thursday news releases from both ...
Oakland Mall is an enclosed super-regional shopping mall in Troy, Michigan. It is located in the northwest corner of the intersection of 14 Mile and John R. roads, adjacent to Interstate 75 (Chrysler Freeway). The mall features 116 stores, including a food court, plus several big-box stores on the periphery.
The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
As announced last year, Macy's department stores across the United States have been closing as part of a wider plan to shut down 150 locations through 2026. Last year, Macy's shuttered 50 ...
The retail apocalypse refers to the closing of numerous brick-and-mortar retail stores in the United States, especially those of large chains, beginning around 2010 [2] [3] and accelerating due to the mandatory closures during the COVID-19 pandemic. In 2017 alone, more than 12,000 physical stores closed.
A February 2024 photo of a warning sign in front of the In-N-Out restaurant in Oakland. The fast-food chain closed its only outlet in the city over safety concerns for its customers and employees.
Another US retailer is closing its doors after filing for Chapter 11 bankruptcy.. Rue21, which mostly sells teen apparel, will close all of its 540 stores across the United States, according to ...
After 60 years in business, Northgate Mall in Durham, North Carolina, closed on May 4, the first shopping mall in the United States to directly attribute the pandemic as the reason for the closure. [32] [33] On May 5, Nordstrom announced its intentions to close 16 locations. [34] The company announced sales were down 40% due to the pandemic on ...