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Retail industry closures soared in 2024, with more than 7,100 stores shutting down through the end of November — a 69% jump from the same time last year, according to research firm CoreSight.
SupeRx – Kroger created the first SupeRx store in 1961 with most stores next door or very close to existing Kroger stores [75] [76] Thrift Drug – merged into Eckerd after J.C. Penney bought Eckerd; Thrifty PayLess – acquired by Rite Aid in 1996; Treasury Drug – acquired by J.C. Penney, then shuttered in 1980; Value Giant; Wellby Super Drug
In early summer 2018, Scene75 Entertainment purchased the former Marshall Field's/Kaufmann's/Macy's building and tract. Soon after Scene75 on October 11, 2019 they were open to the public. [7] On December 28, 2018, it was announced that Sears would also be closing as part of a plan to close 80 stores nationwide. The store closed in March 2019. [8]
Why Is JCPenney Closing More Stores? JCPenney filed for bankruptcy back in 2020. Since then, about 240 of its stores have closed. Right now, there’s about 650 locations left in the U.S.
[2] [3] Other major stores, such as Express and The Limited, also left Westland. Kashani, a developer which also owned North Towne Square in Toledo, Ohio at the time, bought the mall in 2003 and attempted to reposition Westland as a "bazaar"-style mall with a number of specialty shops, which included a used bookstore , several arts and crafts ...
Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy
Although Eastland itself was a single-story mall, all three of its original anchor stores were constructed with two stories of retail space. The Sears store closed off its upper level at some point during the 1980s. With the closure and subsequent demolition of Northland in 2002, Eastland became the oldest shopping mall in the Columbus metro area.
A projected 15,000 stores are expected to close between now and the end of December, and some of the retailers that are shutting down the most locations may surprise you. 10. Best Buy
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