U.S. Retail Closures Surge by 70% in 2024, Thousands More Expected Amid Shifting Consumer Trends
The U.S. retail landscape is undergoing a significant transformation as store closures accelerate, with thousands of locations shutting down across the country. According to CoreSight Research, nearly 7,100 retail store closures were announced by the end of November 2024, marking a 69% increase from the previous year. The closures are largely driven by evolving consumer […]
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