Store closings could accelerate throughout 2025
Major brands like Macy's and Walgreens are continuing to shutter
stores
About 15,000 retail stores could close in 2025, experts say
Brick-and-mortar stores have had a tough time in recent years -- and
that trend is likely to continue. Experts say major retailers are
expected to continue closing stores at a rapid pace, part of the
longstanding and continuing decline of America's retail landscape.
This does not mean that the country will run out of stores anytime
soon, as the U.S. reportedly had about 800,000 retail businesses at
the end of 2022. But a big jump in closures was seen in 2024 -- the
largest since the pandemic -- and an even bigger jump is expected in
2025.
https://theweek.com/business/store-closings-2025
Consumer spending will take a hit since those unemployed ain't got the
funds to purchase this/that....also, support businesses for these
closed stores take a hit...and decreased tax revenues.
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