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With the continuous increase in online purchases, as well as record inflation, it is not surprising that retailers suffer Abrupt financial losses . Unfortunately, this means that companies in all the United States reduce brick and mortar windows to reach both ends. In 2023, we saw closures of large retailers and local stores - and the closures do not seem to relieve themselves anytime soon. From T.J. Maxx and Marshalls to CVS and Walgreens, read the rest to see which stores you will see less in 2024.

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After closing more than 50 locations already in 2023, Big Lot recently announced that he would be discovery stores in New York, North Carolina and Illinois at the beginning of 2024, according to The US sun . The news Comes shortly after the appointment of a new management team and the start of a "multi -year strategic plan".

"While we continue to progress on the Five key actions Support our multi -year strategic plan, which includes improving the relevance of stores and the increase in our assortment of good deals, it was important for us to find leaders for these positions which have a large experience and the history proven in the retail world at a reduced price, " Bruce Thorn Said the president and chief executive officer of Big Lots, in a press release on November 30.

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Since October 15, when Rite helps tabled for chapter 11 Bankruptcy, the pharmacy chain has increased its list of stores that should close, according to CNN.

"It was always a question of knowing when, not if, Rite Aid would file for bankruptcy", " Neil Saunders , Managing Director of the GlobalData consulting company, said in a note to investors, according to CNN. "The company has been deep in red for six years."

The company was and faced a sharp drop in sales, of $ 3.3 billion in debt and a major trial alleging that they had "completed hundreds of thousands of prescriptions which did not meet legal requirements" for highly addictive pain relievers, according to a Press release of the United States Ministry of Justice (DOJ).

Currently, 154 stores in 15 states are end at the beginning of 2024; Some have already closed their doors. California and Pennsylvania are the hardest affected, losing the 31 and 39 locations, respectively. New Jersey, New York, Michigan, Ohio, Washington and Delaware have also closed the stores and will continue to do so in the new year.

As Reuters reported, Dollar Tree Inc. (Dollar Tree and Family Dollar parent company) missed his estimates from 2023 in the third quarter and reduced its annual sales forecasts. The company now expects its net consolidated sales at the 2023 financial year between $ 30.5 billion and $ 30.7 billion, despite the previous estimate it would reach between 30.6 billion and $ 30.9 billion.

Due to this deficit, Dollar Tree Inc. examined the performance of Family Dollar. Although the store has finished the quarter with a 2% increase in net sales in comparable stores, it did not meet the company's expectations for an increase of 4.07, shared Reuters. He also dropped far behind the increase of 5.4% of dollar Tree of sales with comparable stores for the same quarter.

In a profits call on November 29, Dollar Tree, Inc. CEO Rick Dreiling said the company plans to "tackle the underperformant stores which are not aligned on our transformative vision of the company".

"This will imply, among other things, to identify stores as candidates for closure, re-bacality or resettlement in order to guarantee that each asset under the banner of the family dollar offers its full value for our shareholders on A lasting base, "he added.

Although nothing has yet been finalized, some family dollar stores will probably be renamed or closed While the new year takes place.

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Back in November 2021, CVS Health shared plans For an in -depth revision of operations which included a large number of store closures. Their goal was to "reduce the density of stores in certain places" by closing around 300 stores per year over the next three years, which revealed around 900 total closures by 2024.

The closures officially started in 2022 and have not shown signs of arrest. Since February of this year only, CVS Lost locations In Iowa, Virginia, Florida and Missouri. According to Scrachero , CVS currently has 9,437 American locations; This is down 9,600 in March.

"Maintain access to pharmacy services in the communities we serve is a important factor We consider in decisions to closure of stores, "CVS said in a press release Democrat Tallahassee . "Other factors include the dynamics of the local market, population changes, the density of the stores in a community and ensure that there are other geographic access points to meet the needs of the community."

It remains to be seen where the locations will be lost in 2024, but to stay with its objectives, the company should pursue its aggressive closing strategy.

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In June, Walgreens Boots Alliance (the parent company of Walgreens) Third trimester For financial year 2023. According to the report, retailer sales increased by 8.6% compared to the previous year, but Walgreens still failed of his estimates. AE0FCC31AE342FD3A1346EBB1F342FCB

Consequently, during a profits call in June with investors, CFO Walgreens James Kehoe revealed that the company is Plan to close 450 locations. "We will continue to optimize our locations and our opening hours, and we are waiting to close 300 additional locations in the United Kingdom and 150 locations in the United States," he said. In the United States, there are currently around 9,000 Walgreens stores in the United States, by cnn .

Walgreens has not explicitly said which stores will be assigned or when the closures start. However, a company spokesman told CNN that the retailer planned to close the 150 American locations by August 31, 2024, the end of his next fiscal year.

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The staples and the office deposit (both belonging to Sycamore Partners) were cut In brick and mortar stores since 2020, Closing 200 And more than 260 stores, respectively.

Although it is not clear if Staples will continue on this path, you can expect to see even fewer sites of office deposit in 2024. "It is planned that additional retail stores will be closed in 2023 and 2024, however, it is generally understood that closures will approximately approach the date of termination of the store lease, "wrote the company in a March 2023 deposit .

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T.J. Maxx and Marshalls, both belonging to the mother company TJX, are 2023 finish With a new start of closures. Marshalls closed a location in Philadelphia on December 9, while T.J. Maxx closed a store in St. Paul, Minnesota , October 8. The latter should also close at least three additional windows, two in New York and one in Illinois, in January 2024.

"We always assess and examine our real estate strategies, and our decision to close these stores reflects this thought," said a spokesperson for the TJX previously Better life in a report. "We have offered all our partners in these stores other jobs in nearby places. We are grateful to the loyalty of our customers in New York, Chicago and Philadelphia and the Invitons to visit our stores nearby to continue to find great values. "

By a February 23 Press release , Bath & Body Works hired a team of "external advisers to help a top and bottom examination of the company", helping the retailer to identify the means to reduce the costs of $ 200 million in 2023 and 2024.

At the time, Bath & Body Works had about 1,802 storefronts in the shopping centers and independent windows, by presentation given during a call for results. But they quickly announced that they were Plan to close About 50 shopping center stores.

"Although we are concentrated in the short term on the optimization of main activities, we will continue to explore longer -term opportunities, such as adding new adjacent categories", as Men's products , CEO Gina Boswell Said during the call, reported Retail Dive.

The company has not provided information on closing stores or when it happens. However, Bath & Body Works also has 115 new Planned projects, including the overhaul of 25 white barn candle stores (a sister brand of Bath & Body Works) and the opening of around 90 "new stores outside the shopping center".

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In 2019, Banana Republic and The Gap, both held by Gap Inc., had 1,216 stores in North America. Since then, however, they have been Lose stores , falling to 1,027 locations in 2020 and 912 in 2022. This number fell at around 866 at the end of 2023, according to a slideshow prepared for a profit call March 9.

"We stay on the right track to reach our goal of closing 350 Banana Republic stores and banana in North America by the end of 2023 and ended the year [the year] 2022 having reached near 90% of this goal, "said Katrina O'Connell , financial director of Gap Inc., during profit call .

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