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Next year is already looking rough for retail store closures
Several retail chains have announced planned reductions in store numbers for 2025. If the past is a…
Dominick Reuter
Walgreens is closing 1,200 stores
Walgreens announces the closure of 1,200 US stores within three years.
Nora Redmond
Wendy's is closing another 140 'outdated' stores as it looks to build out new higher-tech locations
Wendy's said it will close some underperforming restaurants earlier than planned, setting it up for…
Dominick Reuter
The US is facing a drugstore graveyard as stores close. Filling the leftover spaces is the next challenge.
It's not always obvious which businesses can slot into the space left over after a pharmacy closes …
Alex Bitter,Dominick Reuter
Red Lobster could file for bankruptcy this month following the closure of 50+ stores: WSJ
Red Lobster could file for Chapter 11 bankruptcy protection in Orlando in May. The company's financ…
Hannah Getahun
Why founders of some small luxury brands are eyeing exits
Independent luxury brands, pressured by market downturns, are eyeing consolidation or outside inves…
Maria Noyen
A man who's been to nearly 20,000 Starbucks locations describes how the chain could get its 'third-place' status back
Winter has been trying to visit every Starbucks store since 1997, and is about to visit his 20,000t…
Alex Bitter
Kmart has all but disappeared from the US. But its Australian namesake is booming.
Wesfarmers-owned Kmart now operates over 300 stores across Australia and New Zealand and employs ar…
Nathan Rennolds
In-N-Out is the latest company to blame store closure on crime
In-N-Out said it will close its Oakland location in March because employees and customers have been…
Erin Snodgrass
We visited a Rite Aid store. The empty shelves made us wonder about the chain's future.
Rite Aid's restructuring includes closing hundreds of stores. Other locations, like a Brooklyn stor…
Jordan Hart,Alex Bitter
America's absurd war on 'organized retail crime'
Target and CVS call them criminal masterminds. Most are homeless or mentally ill.
Amy Martyn
Rite Aid is closing even more stores in 2024. See if yours is on the list.
Rite Aid said it would close more stores in 2024, adding to hundreds it already said it would shutt…
Alex Bitter
These graphs show how much people have cut back on visiting Starbucks — a key driver of its sudden management shake-up
Comparable sales are down in Starbucks' two biggest markets: the US and China. Analysts say it need…
Grace Dean
Locked-up merchandise is turning off shoppers at CVS, Walgreens, and other big drugstores
Pharmacy retailers are locking more items away, and that's turning away customers who say the measu…
Alex Bitter,Dominick Reuter
For the 1st time in 7 years, Subway opened more stores than it closed
Subway has closed thousands of stores in recent years. But in 2023, for the first time since 2016, …
Grace Dean
Walmart reduced its store fleet by 102 locations last year a smart move for what's next
Closing underperforming stores and selling off at least 79 small-format locations are good preparat…
Dominick Reuter
Target workers fired over Stanley cups say the crackdown leaves some of the stores' Starbucks cafés understaffed
Target's firing of dozens of Starbucks café baristas and team leads who bought trendy Stanley cups …
Dominick Reuter
Target and Walmart stores in the Bay Area are locking up underwear and socks to prevent shoplifting
Underwear and socks are some of the latest items to be locked up at Target and Walmart stores in th…
Sawdah Bhaimiya
I work in sales at Coach. Customers always make these 5 mistakes when buying luxury bags.
I've worked as a sales associate at Coach for two years, and I've seen customers make big mistakes …
Addison Esparza
Why your local pharmacy may be closing
Walgreens is closing a "significant" number of US stores. CEO Tim Wentworth said the industry is "l…