Retail Stores To Close In 2024 Elections. For example, fashion retailers that closed stores experienced greater losses in online sales than those that expanded the number of stores, 22% down for closers compared. The results of the national election will impact retail in a multitude of ways:
Retailers closed a record 9,800 stores that year, with payless, gymboree, charlotte russe, and shopko all filing for bankruptcy. It is anticipated that additional retail stores will be closed in 2023 and 2024, however, it is generally understood that closures will approximate the store’s lease termination.
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