The Retail Apocalypse continues...more store locations
To add to my recent prior post about the Retail Apocalypse announcements in the last week or two, we can add the following.
Family Dollar will close nearly 400 stores. https://www.cnn.com/2019/03/06/investing/family-dollar-stores/index.html
Chico's is closing as many as 80 stores. https://www.cnn.com/business/live-news/stock-market-news-today-030619/h_d3fcd18793ce8eedfe13fee15749a421
Kohl's is shrinking stores and leasing out space to gyms and supermarkets. (This sounds like it could be profitable. Bravo, Kohl's.) https://www.cnn.com/2019/03/05/business/kohls-planet-fitness/index.html
"Small is the new big in retail." New stores opening are smaller in big cities, streamlining its presence and cutting costs.
I like Chico's & Kohl's, and other retail stores. I'm not a big enough consumer to keep any business open, though. I hope these stores make it.
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