Iconic retail chain reveals dates and places for store closures

The uncertain state of the global economy after the pandemic has led to a softening in consumer spending due to inflation. This has caused people to spend their money more wisely, leaving retailers to suffer the inevitable consequences. 

Additionally, consumer trends are ever-evolving. The rise of online shopping has decreased the need for traditional brick-and-mortar stores, since e-commerce platforms have made shopping more convenient and time-efficient than ever.