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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.
A five-day strike by Starbucks baristas had closed 59 stores as of Monday afternoon, according to the union organizing the workers. The strike, which began Friday in Los Angeles, Chicago and ...
Kohl's Is Downsizing. Kohl's is set to close 27 underperforming stores across 15 states by April 2025, the chain announced in a recent press release. The closures represent about 3% of the ...
Incredible Universe – closed in 1997; six stores acquired by Fry's Electronics and the rest shut down; J&R – major New York City electronics and music store officially closed in April 2014; Lafayette Radio; Lechmere; Luskin's – Baltimore, Maryland-based appliance and electronics retailer [94] [95]
In July of 2007, Target opened with a 126,000-square-foot (11,700 m 2) store built on an outparcel, and JCPenney returned in October of 2007 with a 104,000-square-foot (9,700 m 2) store, also built on an outparcel. Sears began a store-closing sale on May 11, 2012. [3] On June 1, 2012, Lincoln Mall was scheduled for a court ordered sale by auction.
The company’s stores are on average approximately 20,000 square feet, more than double the size of a typical dollar store chain. “It was like trying to run a McDonald’s on five times the ...
These changes have contributed to some areas or suburbs having insufficient traditional department stores to fill all the existing larger-lease-area anchor spaces. A few large national chains have replaced many local and regional chains, and some national chains are defunct. The City View Center is a dead plaza in Garfield Heights, Ohio.
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