It seems as if each day brings a new list of closing retailers. According to Shimkus (2023), Macy’s, Nordstrom, Kohl’s, Bed Bath and Beyond, and JoAnn’s are only a few of the iconic brick-and-mortar stores to close numerous stores this year.
- According to the article, how many stores is Macy’s planning to close?
- How many states are experiencing closures according to the article?
- What is the reason(s) that analysts are attributing to the increasing number of closings?
Shimkus, B. (2023). SHUTTING UP SHOP: Full list of stores hit by 2023 ‘retail apocalypse’ – the American favorites that are closing down locations revealed, The U.S. Sun, Jan 6 (Retrievable at https://www.the-sun.com/money/7067127/stores-retail-apocalypse-closing-down-locations-revealed/)