A Business Insider tally of retail chain brands found as many as 1,401 stores have closed or are set to close across the US in 2024. The number is down considerably from prior years, including last year, when the collapse of Bed Bath & Beyond contributed to a total of more than 2,800 locations shuttering. All of this has happened during Biden's term in office, where he has said repeatedly that 'the economy is strong and getting stronger'. Horseshit, Joe...
- Family Dollar is closing 600 stores
- CVS is in the final year of its three-year plan to shutter 900 locations.
- Foot Locker closed 113 locations
- Rite Aid is closing another 77 locations after closing 150 last year.
- Conn's Home Plus said it will close all of it's 71 locations.
- Badcock Home is closing all of there 380 stores.
- Macy's will 150 locations over the next three years.
- Big Lots will close 40 stores this year, after having closed 35 stores last year.
And if you look at most of those companies, they have a couple things in common: terrible customer service, or nothing but price to compete on. Or both. Read a review of Conn's. Honestly, do you go into Foot Locker, Rite Aid, ANY of those stores for any reason except 'cheap'? This is normal retail turnover. Build out, overbuild, contract.
ReplyDeleteDon't forget how many are closing because a certain population has been told they deserve reparations and the 5 finger discount is legit.
ReplyDelete