New York CNN — The retail store apocalypse stormed back in 2024. Bigger chains can buy larger quantities of goods at a steeper discount than smaller players, and they can put vast sums of money into technology and store improvements that even medium-sized retailers can’t afford. Brutal year for the middle The rise in store closures this year harkens back …
FILE PHOTO: A Walgreens logo is seen outside its store in New York City, September 18, 2013. REUTERS/Mike Segar /File Photo Walgreens, one of the largest pharmacy chains in the United States, announced plans on Thursday to close a substantial number of its approximately 8,600 locations over the next three years because they are "underperforming". We are at a point …
US retailers shut a total of almost 5,500 stores in 2023 - with major corporations like Bed Bath & Beyond, Walgreens and Rite Aid leading the pack. Total closures were 5,463 in 2023, a 30 percent increase on 2022 Bed Bath & Beyond reported it would shut 866 stores, far more than any other retailer Many retailers, like Walgreens, pointed …
Even as Mumbai copes with torrential rain, Unlock 3.0 is underway with malls reopening today after being shut down for a period of over four months due to the coronavirus pandemic. Dr. Parthiv Sanghvi, Former secretary of IMA Maharashtra who is currently an honorary surgeon at a BMC-run hospital in Jogeshwari East told News18, "The biggest problems with malls is …
Department store Myer and adventure clothing and equipment chain Kathmandu are the latest retailers to stand down thousands of workers because of the coronavirus pandemic. Key points: Myer stores across the country will be closed until at least April 27 Kathmandu says all its Australian stores including Rip Curl will shut by the close of business on Friday The adventure …
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