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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.
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 .
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 ...
Retailers are closing thousands of stores following years of declines in sales and customer traffic.
The Retail Apocalypse Whether from changing consumer habits, the pandemic, or financial mismanagement, many well-known retailers have been forced to shut their doors in recent years. And the list ...
Sears is closing 26 more Sears and Kmart stores in the US in October, a press release from the retailers' parent company said on Tuesday.
List of defunct department stores of the United States This is a list of defunct department stores of the United States, from small-town one-unit stores to mega-chains, which have disappeared over the past 100 years. Many closed, while others were sold or merged with other department stores .
Retailers are closing thousands of stores after years of over-expansion -- and the grocery industry appears to be heading toward a similar fate.