More brick and mortar stores are to be closed amid the pressure of industry.
The closing wave will affect many retail chains in May.
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Many retail closing operations are scheduled to reach the United States in May, affecting a wide range of companies.
The brands affected range from stores to pharmacies.
The ongoing restructuring reflects wider trends in how to shop Americans, as online retail gain traditional chains to assess brick and mortar strategies.
Retail traders including Saks Fifth Avenue, JCPENNEY, Rite Aid and Dollar are among those who expand their presence.
Read more about closing the store
These decisions come amid efforts to restructure companies and increase financial pressure.
More than 2,500 stores are expected to be closed this year, according to the mirror.
Closing not only affects shoppers.
Local employees and economies will be affected by the disappearance of jobs and companies.
Traffic is often decreased to neighboring companies, and jobs are lost as stores close their doors on the Domino retail effect.
Saks Fifth Avenue will permanently close the Union Square store in San Francisco in early May after the lease contract expires.
The company confirmed that the closure of Al -Ittihad Square is part of a larger reorganization.
A spokesman for the closure of ABC7 news, noting “the transformation of consumer patterns and advanced real estate plans.”
Additional stores are expected to be closed in May, adding to hundreds that have already been closed at the country level.
JCPENNEY also plans to close seven stores by May 25.
Why do you close JCPENNEY stores?
JCPENNEY has reached the main headlines after it appeared that the series would close a number of stores in the coming months.
The one -day chain of stores faced its decline in its sales and was struggling for the virgin in new clients.
The appearance of online shopping struck bricks, homework and shopping centers.
When the Covid-19 pandemic occurred, retailers were treated, including JCPENNEY, another blow that has proven to be dead for many.
The financial struggles of the retail stores reached its head in May 2020, when it submitted bankruptcy of $ 4 million in debt.
The subsequent restructuring witnessed a large number of closure, as the retail dealer began a new strategy for sustainable growth.
175 stores closed at the level of the country between 2020 and 2021.
However, even after buying it, the company continues to struggle with sales, especially as consumers tighten their belts due to the high cost of living and inflation.
The latest sales of the fourth quarter of JCPENEY fell to $ 2.3 billion, a decrease of 5.9 % on an annual basis, while net income decreased by 8.9 % to $ 41 million.
The sites include stores in California, Colorado, Idaho, Kansas, New Hampshire, North Carolina, and West Virginia.
Rite Rite Aid continues in the pharmacy chain, moving in Chapter 11 of bankruptcy procedures.
The family dollar also continues to close the stores after depositing the previous bankruptcy and restructuring.
Industry observers say this wave of the “end of the world for sale” may not be the last.
Analysts expect to continue its unification in 2025, as companies adapt to postpartum facts and cost pressure.
With more stores, consumers may find themselves with lower options for clothes, pharmaceutical preparations and home necessities.
