6 popular retail chains that closed dozens of locations in 2022

Massive store closures have already struck several companies this year.


Companies haveclosing locations On the left and right in the past two and a half years. Store closings took off in 2020 in the middle of the cocovated pandemic challenges, and some retailers like Lord & Taylor and Stein Mart wereforced to close All their stores completely. In 2021, large companies like Disney and DSWwere made in their stores by the dozens. But even if Covid's benefits have decreased over time, new setbacks as well as record inflation rates are still struggling to stay afloat. Store closings did not drop in 2022, with a number of popular retail channels closing dozens of locations this year. Read the rest to learn more about the massive reduction in name brands.

Read this then:This popular grocery channel closes stores, from tomorrow.

1
Bed bathtub and beyond

exterior of a bed bath and beyond store
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We were only one week in the new year when theFirst massive retail closure has been announced. In January 2022, bedbed and beyondpublished a list Out of 37 locations he would close in the next two months, CNBC reported. According to the media, stores had already launched liquidation sales at that time to allow the closure to the end of February.

Overall, 19 states have been affected by closings, New York and California losing the most sites. In 2020, Bed Bath & Beyond announced its intention to close 200 of its sub -performative stores over the next two years in the context of broader recovery efforts - and these closures were attributed to this plan. "We execute a large -scale transformation and simultaneously directs a company in a very unpredictable environment", CEOMark Tritton said at a conference call on the results of January 6.

2
Amazon

Entrance to the
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In March, Amazon confirmed to Reuters that he would definitelyAll his physique bookstores, pop-up stores and "4-star" stores in the United States and the United Kingdom, a total of 68Brick and mortar stores were affected by this decision, but a company spokesperson said to inside that closing datesvary according to the location. Many have already closed, although a Google search indicates that at least a 4 -star Amazon location in New York is still open to August 12.AE0FCC31AE342FD3A1346EBB1F342FCB

According to Amazon, the decision -making decision has been made to allow the company to focus more on its other store concepts: Amazon Fresh, Whole Foods Market, Amazon Go and Amazon style stores. "We remain determined to build great experiences and technologies for long-term physical retail, and we work in close collaboration with our affected employees to help them find new roles within Amazon," said the Word to inside.

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3
CVS

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CVS was busy closingstore In the United States, since April of this year. In November 2021, the pharmacy chain announced that it would implement a "newRetail imprint strategy aligned with the evolution of consumer needs. "But to do this, CVS revealed that it should close around 900 CVS stores over the next three years. At the time, CVS confirmed that the closures would start in spring 2022, and that it would close around 300 stores each year.

"The company has evaluated changes in the population, consumer purchasing habits and future health needs to ensure that it has the right types of stores in good places for consumers and for the company, "said CVS last year.

4
Rite

rite aid store
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But CVS is notThe only pharmacy chain This brought an ax to its retail imprint this year. In December 2021, Rite Aid revealed plansClose 63 stores Throughout the end of last year and the first months of 2022, CNBC reported. But in April 2022, the company announced that it would beClosing of 82 additional locations that originally triggered.

Rite spokesperson AidAlicja wojczyk ToldOregonian what companyexpected to close A total of 145 "non -profitable stores" at the national level by June 2022 as a means of considerably reducing its costs. "These store closings are part of our business plan to stimulate maximum efficiency, and a number of factors are taken into account before determining a store closure," said Wojczyk.

5
Scourge

Fairview Heights, ILâ€
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Sears figures have been decreasing for some time now, leaving it withless than 200 stores by 2020, byUnited States today. But the already weakened chain has takencompletely successful This year. At the end of May, CNN reported thatAbout 100 sears locations in the hometown Distributed over approximately 30 American states would close permanently in the following weeks, representing approximately half of its remaining retail footprint.

Read this then:This popular retail chain closes all its stores on September 30.

6
Kmart

Kmart store entrance on September 13, 2013 in Sacramento, California. Kmart is the third largest discount store chain in the world
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The decline of Kmart followed a trajectory similar to Sears, which is not surprising since the two formerly iconic chains have been managed by the same parent company for years. But while Sears still hold dozens of locations, there are only three KMart stores open in the continental United States at the end of last year, Kmarthad 27 stores In operation, according to 24/7 Wall St. but in April 2022,United States today indicated that the retail chainwas just His Westwood, New Jersey; Bridgehampton, New York; And Miami, in Florida, the locations after a Kmart store in Avenel, New Jersey, were definitively closed on April 16.


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