"Retail Market Sees Surge in Store Closures Across US"
#USretail #storeclosuresIn 2024, the US retail market faced a significant wave of store closures, with over 7,300 stores shutting down, a 57% increase from the previous year. Major retailers like Family Dollar, Walgreens, and CVS were among those most affected. read more
#ChainStoreClosures #USRetail
The US faces a wave of chain store closures as struggling companies, impacted by inflation and changing consumer habits, declare bankruptcy. Nearly 3,200 stores have closed in 2024, a 24% increase from the previous year, with notable closures from Dollar Tree, Red Lobster, and Macy's. read more
#USRetail #StoreClosures
US brands like Walmart are closing brick-and-mortar stores due to unsustainable models, resulting in 1,290 closures planned for 2024. Major retailers like Macy's and Dollar Tree are also affected, with a Coresight Research report showing a decrease in openings and increase in closures compared to last year. read more