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List of retailers affected by the retail apocalypse The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic. [2] [3] In 2017 alone, more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the face of rising ...
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of the retail apocalypse were exacerbated. [1] A ...
Fate: Filed for bankruptcy during the coronavirus pandemic and announced liquidation of all stores; flagship store closed after being purchased by WeWork for $850 million.
Nearly all Bath & Body Works stores, which specialize in scented candles, fragrances, cremes and lotions, closed in mid-March due to the spread of COVID-19.
99 Cents Only Stores is closing all of its 371 locations across the US as the company begins to wind down its business operations.
Across the United States, a large number of local stores and store chains that started between the 1920s and 1950s have become defunct since the late 1960s, when many chains were either consolidated or liquidated. Some may have been lost due to mergers, while others were affected by a phenomenon of large store closings in the 2010s known as the retail apocalypse .
Get the complete list of Macy's stores closing in 2021, along with information about the department store chain's three-year plan to close 125 locations in total.