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Store closures are surging this year. Here are the retailers shuttering the most locations.

cbsnews.com
submitted
a year ago
bygetthatmoneyyotofinance

Summary

Almost 3,200 brick-and-mortar stores have been closed so far in 2024. That's a 24% increase from a year ago, according to a report from retail data provider CoreSight. The largest number of store closures stems from Dollar Tree's announcement earlier this year.

Dollar General, a rival of Dollar Tree, said it will add more than 800 locations this year. In second place is 7-Eleven, which plans to open more than 270 U.S. locations. Five Below, with plans to opening 227 outlets, is third.

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2 Comments

3
bambam
a year ago
Kinda buried it at the bottom but makes sense that consumers are starting to cut back on discretionary spending
2
throwschen
a year ago
It wouldn't surprise if it just keeps getting worse because of this. 24% now, and higher next year.