Another giant retailer permanently closes more locations
An office supply giant shuts down several stores, and some customers think it might go bankrupt.
These are challenging times for retailers. Estimates say that more than 15,000 stores across the U.S. will close in 2025, which is more than double the number that closed in 2024.
The data concerns not only smaller businesses, but also large national retailers with a strong footprint across the states. This year, many famous brands, department stores and popular chains have shut a number of locations, and some have even gone bankrupt.
