A look at what retailers are shuttering locations.
Published: Oct. 20, 2024, 10:50 a.m.More than 2,000 retail stores will be closing this year as companies struggle with cutbacks in consumer spending, according towill shutter about 1,200 locations over the next three years to save money.
According to Business Insider, the number of retail store shutdowns has slowed from last year but is expected to top 45,000 in the next five years. 1,200 stores. The pharmacy chain announced Tuesday that it will begin its first 500 closures over the next 12 months after reporting a loss of $8.6 billion in the last fiscal year.- 1,000 stores. The chain, which also owns Dollar Tree, began its closures in the first half of this year. Another 370 closures are expected in the next three years.- 444 stores.
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