This is a U.S. news story, published by CNBC, that relates primarily to Coresight Research news.
For more U.S. news, you can click here:
more U.S. newsFor more consumer & retail news, you can click here:
more consumer & retail newsFor more news from CNBC, you can click here:
more news from CNBCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like consumer & retail news, you might also like this article about
fewer retailers. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest retail bankruptcies news, more stores news, consumer & retail news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Most major retailersCNBC
•Business
Business & Economics
82% Informative
Store closures in the U.S. spiked in 2024 and are expected to rise to about 15,000 this year , according to Coresight Research , a retail advisory group.
The striking numbers reflect the stark divide between retailers that are gaining market share, such as Walmart and Costco , and those that have lost ground or filed for bankruptcy.
The five retailers that have announced the most closures this year are Party City , Big Lots, Walgreens Boots Alliance , 7-Eleven and Macy 's, respectively.
Some unique factors have widened the gap between store openings and closures, analysts say.
Retailers' growth comes from online sales and as larger companies take a bigger share of the market.
Some stores in mall or strip shopping centers are getting replaced by fitness studios, urgent care clinics or apartments.
VR Score
88
Informative language
91
Neutral language
47
Article tone
formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links
