Without a doubt, the COVID-19 pandemic has forced us to live in a very different way. There are a lot of changes that took place within the past year or so. We doubt that everything is going to revert back to normal once everything has been said and done. Businesses have suffered from the situation too. The small companies did the worst, but things have been difficult on big conglomerates too. With the rise of e-commerce, some of them decided to pull the plug on physical stores altogether. There are also other factors that have contributed to the store closures, however. Read on to learn more about these.
It Is Time To Say Goodbye To The Stores Of The Following Big Businesses
Macy’s
As an American institution, it comes as a shock to hear that Macy’s is getting ready to shutter a number of stores in the year to come. In January, the company announced that it is planning to shut down 45 stores for good this year. CNBC explained that these cuts are part of the efforts by the company to close a total of 125 locations by 2023. This will mostly affect locations outside of top-tier malls.
Macy’s
