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Personal Finance Topics / Macroeconomic Trends and Risks❤
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Author: PucksFool ⎊🐝  😊 😞
Number: of 555 
Subject: Retail isn't dead, but
Date: 01/02/2025 7:07 AM
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a lot of retailers are.

http://archive.today/2025.01.02-110800/https://www...
Major US retailers announced more than 7,300 store closures last year, up 57% from 2023, according to Coresight Research. That’s the highest annual number of closed stores since 2020, when the pandemic led to mass disruption of businesses across the country.

Some of the most recognizable chains in America left strip malls and shuttered across city street corners. Family Dollar closed 718 stores. CVS and Walgreens closed more than 1,000 stores combined. Big Lots closed nearly 600. LL Flooring disappeared for good, and Party City’s liquidation is under way. The Container Store filed for bankruptcy and may be forced to close some of its 100 stores.

Restaurant chains also shrank last year. Institutions like Red Lobster and TGI Fridays filed for bankruptcy and Denny’s and Applebee’s announced major closings.
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