Retailers and restaurants in America are experiencing unprecedented closures with 2023 seeing over 4,000 stores announcing plans to shut down, double from last year.
Walgreens recently filed for Chapter 11 bankruptcy, and the company plans to close about 500 stores, intensifying the trend of shrinking retail footprints.
CVS is actively restructuring with a new CEO, laying off 2,900 employees, and planning to close 900 stores by the end of 2024, reflecting a dire shift in the retail landscape.
Macy's continues to struggle in the retail market, unable to find a buyer as it prepares to shutter 150 stores, signaling severe challenges for department stores.
Collection
[
|
...
]