In 2024, over 6,000 retail stores have closed their doors, marking a significant increase in store closures compared to previous years. This trend is driven by a combination of economic pressures, changing consumer habits, and strategic missteps by retailers.
Sources:
https://www.cbsnews.com/news/store-closures-surging-2024-family-dollar-rue21-cvs-rite-aid/
https://www.retailmenot.com/blog/store-closings.html
https://housely.com/major-retailers-shutting-down-or-shrinking-operations-in-2024/
https://bitly.com/blog/why-are-retailers-closing/
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