Four Columbus-area Party City store locations are up for auction next month. The New Jersey-based retailer in December said it would be going out of business after nearly 40 years. That means closing its more than 850 stores across the country.
A new report predicts this year will only get worse for the already-struggling retail sector, with the number of location closings expected to double. It’s no secret that 2024 was a tough year for many retailers.
The retail environment, already shaken by the closures of chains such as Big Lots and Party City, faces more closures with Kohl's announcing it will close 27 of its stores. The clo
Party City is slated to close at least 700 locations in 2025, while other retail chains are shutting down stores for a variety of reasons.
Store closures in the U.S. spiked in 2024 and are expected to rise to about 15,000 this year, according to Coresight Research, a retail advisory group.
Another big cut is coming to Big Lots' store footprint as more than 500 locations are up for sale, including more in the Philadelphia area.
Big Lots is part of a larger chain of big box stores shutting their doors. Kohl's will close 27 underperforming stores across the country. In December, Party City said it will close all its ...
The five retailers that have announced the most closures this year are Party City, Big Lots, Walgreens Boots Alliance, 7-Eleven and Macy's, respectively. The retail advisory firm projects that ...
Plenty of U.S. retailers had a challenging 2024 amid higher interest rates and shifting consumer behaviors. Those factors and more resulted in a surge of store closures that totaled
CVS is the next up to close stores in Connecticut. Their locations on 777 Main St. and 690 Wethersfield Ave. will be closed by mid-March. CVS said people will have access to their prescriptions at the other two stores in Hartford,
Retailers are facing relentless competition from controversial fast fashion companies Shein and Temu, according to Coresight Research, which anticipates 15,000 retail closures this year.
Experts say the rise in store shutterings is driven by rising online retail sales and consumers converging on big one-stop-shopping chains and platforms.