10. Macy’s
Year Established: 1858
Store Closures: 125 Branches* (Over the next 3 years)
A mainstay of almost every American mall for many years, Macy’s department store shuttered 28 locations in 2020 alone. For the time being, devoted Macy’s patrons may unwind, since more are on the way. It’s likely that your neighborhood store will remain open as the corporation plans to close about 125 locations over the next three years. Following Macy’s decision to close roughly 100 locations countrywide during the last few years, these 125 closures have occurred. This amounts to over 15% of Macy’s total physical footprint in the United States (the company now runs approximately 690 of its flagship department shops).
10. Macy’s
11. Starbucks
Year Established: 1971
Store Closures: 400 Branches*
While the retail industry has had a difficult time, the hospitality sector has also suffered greatly. Starbucks has been serving out coffee for people all across the world since 1971, yet even this industry titan hasn’t survived 2021 unharmed. The well-known brand said that it will be concentrating on pick-up-only locations and closing over 400 outlets in the US and Canada. Starbucks expressed hope that this action will “enhance the customer experience” and “enable profitable growth for the future” despite this.
11. Starbucks
