The Fall of the Brick & Mortar Stores Continues

8
1230

Economic woes, competition from online stores, and retail crime are altering the retail landscape. Big Box stores, inflation, and pro-crime policies are the biggest problems for the beloved brick-and-mortar stores.

Rite Aid closed hundreds of stores amid its Chapter 11 bankruptcy proceedings. It is now shuttering an additional 85 stores, primarily in Ohio and Michigan. In total, Rite Aid has closed 434 stores.

Rite Aid isn’t alone in this downsizing trend. CVS made waves in 2021 with its announcement to close 900 stores over three years, aligning with market shifts and demographic changes. Similarly, Walgreens has closed many stores, citing profitability challenges and overlapping store locations.

Looting a conenience store in Memphis, Tennessee:

Discount stores are also going down. The 99 Cents Only chain, renowned for its low prices, faces dire straits. In April, it filed for Chapter 11 bankruptcy and plans to liquidate all stores across Arizona, California, Nevada, and Texas.

The 99 Cents stores laid off 14,000 employees.

Somehow, the unemployment rate stays low – a miracle – or does it?

People will not likely be satisfied with online shopping taking over beloved brick-and-mortar stores. It might be too late when they realize what they’ve lost.


You can comment on the article after the ads and subscribe to the Daily Newsletter here if you would like a quick view of the articles of the day and any late news:

PowerInbox
0 0 votes
Article Rating
8 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Scooby The Millennial
Scooby The Millennial
10 months ago

If half the people commit numerous felonies daily then perhaps half the population should be permanently removed from society. Empty out the inner cities. Put them in the minimum sized cells and feed them the cheapest minimum foods. Don’t spend more than $1 per day on these criminals. Imagine the great border wall built in stone by criminals, as high as the giza pyramid.

Mark Sivad
Mark Sivad
10 months ago

Damn “youths”

4949
4949
10 months ago

You forgot all the street vendors on every corner selling and not paying rent, insurance, collecting and paying taxes as brick and mortar stores do! They do not pay for a certified kitchen that is inspected for health concerns and sanitized conditions of their street sales.

Anonymous
Anonymous
10 months ago

U.S.A. stores looking alot like U.S.S.R stores in the 1960s.

Save America
Save America
10 months ago

It’s more difficult to find items in the stores these days.

JohnB
JohnB
10 months ago
Reply to  Save America

Exactly. I went to Staples to buy a chalkboard eraser. They don’t have them. Rather than wasting time and gas driving around looking for one, I came home and ordered one from Amazon.

Balbinus
Balbinus
10 months ago
Reply to  JohnB

I’m on board with you! We are getting older and arthritic and walking the stores is becoming harder. Then they don’t have what we needed. Amazon is our goto for many items