“It kept these players alive that couldn’t survive in normal situations.”Competition from juggernauts like Amazon, Walmart, Costco, Home Depot and other big-box retailers has also squeezed smaller chains.
In 2017 and 2018, retailers closed a combined 13,400 stores, according to Coresight.
Retailers closed a record 9,800 stores in 2019.
Around 9,700 stores closed in 2020, according to Coresight.
Drug store chains are also shrinking.
Persons:
—, ”, Michael Brown, Kearney, ” Brown, Barbara Kahn, Charlotte Russe, Shopko, Ted Decker, Joann Fabric, Denny’s, Kelli Valade, Justin Sullivan, Amazon’s, It’s, ” Kahn, TJ Maxx, TJX
Organizations:
New, New York CNN, Walgreens, Research, Companies, Consumers, “, Walmart, Costco, Home, ” Retailers, United, University of Pennsylvania’s Wharton School, Coresight, Retailers, Sears, P Global Market Intelligence, CVS, Aid, Marshalls, Aldi
Locations:
New York, “, Amazon, United States, Gymboree, JCPenney, Tijuana, HomeGoods