Party City was hit almost as hard as Family Dollar, with 700 store closures, and Big Lots fared only slightly better with 600 closures.
Store closures hit highest point since the pandemic More than 7,300 stores closed in 2024.
The spike in closures was the highest since 2020, but that year was especially tough of business owners due to the coronavirus pandemic and lockdowns.
Macy’s said it will close 65 stores by the end of January 2025, on top of the 50 closures they announced in 2024.
The US retail market took a beating in 2024, with year-end figures showing an alarming spike in store closures across the country.
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