The surge in U.S. retail closures in 2024 has reached unprecedented levels, with over 7,300 stores already shut and predictions nearing 15,000 by year-end. This trend highlights the increasing dominance of e-commerce, as consumers prioritize convenience and competitive pricing offered by online platforms like Amazon and Walmart. Traditional retailers, such as Macy's and Walgreens, are reducing store counts or filing for bankruptcy due to rising operational costs and changing shopping habits. As retail evolves, integrating digital strategies and unique in-store experiences will be critical for survival. Learn more at https://since20230806.blogspot.com/2025/01/the-surge-in-retail-closures-in-2024.html
The Surge in Retail Closures in 2024: What’s Happening to U.S. Stores?
U.S. retail closures reach record levels as e-commerce reshapes the industry. / Picture ⓒ Tyler Sizemore | Albany Times Union | Hearst Newsp...
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