Retail closings totaled 7,325 in 2024, the highest number of shutdowns since the pandemic. Companies like Joann Fabrics (800 stores closing) join 99 Cents Only and Rite Aid stores in using Chapter 11 ...
Retailers aren’t looking too eager to hire as economic uncertainty builds. The industry shed 6,000 jobs in February, the Bureau of Labor Statistics (BLS) reported Friday. The drop was modest, and some ...
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