Closures

Inflationary woes: More chain stores closed in 2023, continuing into 2024

(The Center Square) – More chain stores closed in 2023 as a result of high inflationary costs, with the trend continuing in 2024 led by the iconic department store, Macy’s.

In 2023, retail stores, pharmaceutical and fast-food chains continued a trend of previous years: declaring bankruptcy and closing their doors or shutting down some locations to cut costs, citing inflation, higher costs, and profit losses.

Special Wed, 01/24/2024 - 09:33