Retail closings totaled 7,325 in 2024, the highest number of shutdowns since the pandemic. Companies like Joann Fabrics (800 stores closing) join 99 Cents Only and Rite Aid stores in using Chapter 11 ...
Unless you’re a giant like Costco or Walmart, it’s not an easy time to be in the retail industry. Retailers have faced their share of challenges since the pandemic took hold in 2020. From stay-at-home ...