Fact Check Team: Hundreds of store closures across the US prompt price cuts

from retail data company CoreSight, so far this year over 3,000 brick-and-mortar stores have closed their doors, which is a

Family Dollar is at the top of the list with plans to close more than 600 stores this year, and other stores like Rue21, 99 Cents Only Stores and CVS Health are also shutting down hundreds of stores each. Inflation and changing consumer habits are playing a part, but there are other factors to consider: an increase in shoplifting, competition from online competitors like Amazon and underperforming locations.

While thousands of stores across the country are closing their doors because of high prices and low sales, some businesses are thriving and expanding their operations during this time., Aldi is typically 6% cheaper than Walmart. When it comes to fresh and frozen items, Aldi is 16% cheaper than Walmart.is cutting prices on 250 items this summer and plans to add 800 stores across the U.S. over the next five years.

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