Over 7,300 U.S. stores closed in 2024, a 57% rise, due to high inflation, competition, and bankruptcies like Party City, Family Dollar, Walgreens, and CVS.
Red Lobster was a standout bankruptcy story in 2024. After the restaurant's 2023 Endless Shrimp fiasco reportedly cost it $11 million, the company declared bankruptcy in May of 2024. The chain was ...
Major US retailers announced more than 7,300 store closures last year, up 57% from 2023, according to Coresight Research. That’s the highest annual number of closed stores since 2020, when the ...