This Popular Chain Is Closing 145 Stores This Year
No matter where you are in the U.S., you`ve likely come across a number of "Going Out of Business" signs or newly abandoned buildings over the past two years. The COVID pandemic has turned store closures into an epidemic of its own, with supply chain issues, changing shopper patterns, and overall financial uncertainty exacerbating the problem. In 2020, retailers such as Lord & Taylor and Stein Mart were forced to shutter all of their locations permanently, and 2021 brought about store closures from companies like Bed Bath & Beyond and Disney. But the damage is far from over...

...These struggles have hit one of the most popular drugstore chains: Rite Aid. On April 14, the company revealed that it is planning to close 145 stores this year. ...

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RSK: Not only Rite-Aid but CVS as well. I guess they realize they do not need a physical store on every other corner.



- - Volume: 10 - WEEK: 18 Date: 4/26/2022 8:23:03 AM -