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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.

Questions:

  1. According to the article, how many stores is Macy’s planning to close?
  2. How many states are experiencing closures according to the article?
  3. What is the reason(s) that analysts are attributing to the increasing number of closings?

Source:

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/)