Major Store Shutdowns 2024 The Retail Apocalypse Explained Youtube Are you worried about the retail apocalypse? are major store shutdowns the sign of things to come? in this video, we're going to explain what the retail apoc. But retail stores are still struggling. early in the pandemic, some predicted that a “ retail apocalypse ” would soon deal a serious blow to the brick and mortar model, with one 2021 ubs report even predicting that more than 80,000 retail stores would close within the next five years. three years later, such prophecies appear overblown.
Retail Crisis Major Store Shutdowns 2024 The Retail Apocalyps In this eye opening video, we delve deep into the heart of the retail crisis and uncover the shocking truth behind the major store shutdowns taking place in. In second place is 7 eleven, which plans to open more than 270 u.s. locations this year, followed by discount store five below, with plans to open 227 outlets, the analysis found. more from cbs news. Shopping centers are making a comeback. vacancy is the lowest it has been in two decades, at 5.4 percent, according to a recent report. the properties are thriving even as retailers like macy’s. Their goal was to "reduce store density in certain locations" by closing around 300 stores per year for the next three years—resulting in roughly 900 total closures by 2024. the closures officially began in 2022, and haven't shown signs of stopping. since february of this year alone, cvs lost locations in iowa, virginia, florida, and missouri.
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