Retailers’ preferred solution for empty stores may only be adding to their problems, according to new research and industry executives.
Retail chains have announced thousands of closures this year after closing a record number of stores last year, as the pandemic crimps demand for nonessential items and shopping continues to migrate online.
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And that idiot donald says he has a good brain : ( not!!!!!!!!!!!!!!
But they've lost so many by closing all 3 jcp within an 1 hr of me...I'm not driving 2 hours one way to shop there.
There is no such thing as shrinking to grow. They are just shrinking, because they didn't structure a business that can survive the times.
The area of Detroit I grew up in is a Wasteland. The Shopping Mall closed, then the retail stores not in the mall. Last time I visited, there was no place to shop anymore. Wayne county Detroit is turning into a WASTELAND - shame.
Many businesses were failing miserably pre Covid for a variety of reasons and are now using it as a way to close or downsize gracefully. I look at surviving and thriving post Covid as something to be very proud of. SmallBusinessStillGettingItDone
Shrinking to grow is the private sector version of Leading from behind. Thanks Barack!
Thank Jeff Bezos.
They avoid shoplifting, it's constant and can be controlled, thieves just walked out outlets with stuff
this is terrible news
Just become shadow kitchens for dress socks or whatever