Store Closings 2024 Report. For example, fashion retailers that closed stores experienced greater losses in online sales than those that expanded the number of stores, 22% down for closers. Retailers have announced 3,279 planned store closures for 2024.
Major retailers — including costco, home depot, lowe’s and target — stand to benefit the most from the predicted store closings, ubs said. Economic growth picked up more than expected in the spring, as cooling inflation and a strong labor market allowed consumers to keep spending even as high.