The Real Reason Behind the Surge in Store Closures
If you’ve noticed that many retail locations are closing in your area lately, congratulations: you’re paying attention. 2024 has been a brutal year for some big brands. This week, Walgreens announced it will shut down 1,200 stores over the next three years. Just the other day, the last full-sized K-Mart in the U.S. closed its doors. And avid DIYers will know that LL Flooring (formerly Lumber Liquidators) recently declared bankruptcy and revealed plans to close all of its physical locations.
7-Eleven Announces Closure of 444 Stores in North America
7-Eleven is closing 444 underperforming stores across North America to boost profitability amid declining foot traffic and a takeover bid from the parent company of rival convenience store chain Circle K. Why Is 7-Eleven Closing Hundreds of Stores? In an earnings presentation on October 10th, 7-Eleven’s parent company, 7 & i Holdings, revealed the decision […] Read the original article here: 7-Eleven Announces Closure of 444 Stores in North America
Walgreens changes closure plans — what does this mean for NJ stores?
With the reporting of poor numbers over the last three months, Walgreens has expanded plans to close locations over the next few years, including hundreds in the near future. The pharmacy chain on Tuesday announced that it will close 1,200 stores by the end of 2026. That includes the 300 anticipated closures that were predicted in June.