Struggling Retail Chains: Store Closures and Bankruptcies

This topic delves into the ongoing trend of retail bankruptcies and store closures, highlighting the economic pressures and shifting consumer behaviors that are driving these changes. Major retailers like Bed Bath & Beyond, 7-Eleven, Rite Aid, and Red Lobster have announced significant store closures or filed for bankruptcy, citing factors like the rise of e-commerce, inflation, changing consumer preferences, and operational challenges. The articles cover various aspects, including financial struggles, strategic responses, and the impact on consumers and employees. Additionally, some retailers are transitioning to online models or forming strategic partnerships to stay afloat.

Latest

More retail stores expected to close in 2025

JCPenny starts the year by closing eight locations

Featured Shopping and Retail News photo

Last year was marked by a large number of retail store closings and it appears that trend will continue in 2025.

JCPenny is the latest retailer to serve notice that its footprint will get smaller – but not by much. The company said it expects to shutter only eight stores in the U.S. – just 2% of the total. However, that may be just the tip of the iceberg.

A report by Coresight Research predicts 15,000 retail stores will close up shop in 2025, roughly double the number that...

Read Article
Featured Shopping and Retail News photo