Announced closures of many stores in America

The closure of a large number of stores has been announced during 2024, as many companies look to simplify operations and reduce costs.

The company blames numerous factors for the store closures, including online competition, difficulties in finding workers, and theft. Some companies plan to close existing stores and open new locations.

Dollar Tree and Family Dollar

Dollar Tree and Family Dollar will close 600 stores in the first half of 2024. An additional 370 Family Dollar stores and 30 Dollar Tree stores will close upon the expiration of their lease agreements.

Foot Locker

In 2023, Foot Locker announced it plans to close more than 400 mall stores by 2026. Foot Locker announced that it plans to close 25% of its locations in A- and B-rated malls, and 50% of its stores in C- and D-rated malls. The mall ratings reflect sales per square foot.

Macy's

In February 2024, Macy's announced the closure of 150 „unproductive“ stores in the US by 2026, including 50 locations in 2024. Macy's will open 15 Bloomingdale's stores and 30 luxury Bluemercury locations by 2026.

Walmart

Six Walmart stores were closed in 2024, including a couple of stores in California and one in Maryland. Walmart plans to open or expand more than 150 stores over the next five years.

SOURCE: FOX 32 CHICAGO | PHOTO: YOUTUBE