Next year is already looking rough for retail store closures [Business Insider]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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Source: Business Insider
If this year's closures are any indication — and if the economy worsens — they won't be alone. 2025 is still more than a month away, but it's already shaping up to be another rocky year for retail. Several chains have already announced planned reductions in their store fleets for 2025. Analysts at UBS project the total number of US retail closures could reach 45,000 over the next five years. While UBS said that number would be led largely by smaller stores going out of business, some larger companies are also trimming their store footprints in response to changing consumer trends such as e-commerce, remote work, and other financial pressures. The shutdowns follow a tough 2024. A Business Insider tally of disclosures from 13 retail chain brands found that more than 2,000 stores have closed or are set to close across the US this year, and more comprehensive figures from Coresight Research put the number far higher, at 6,189 so far this year. Topping the 2025 list so far is Ad
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News
- Advance Auto Parts to close hundreds of stores, shut down West Coast operations [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts to close hundreds of stores, shut down West Coast operations [Los Angeles Times (CA)]Los Angeles Times
- More layoffs hit freight-related companies across US [Yahoo! Finance]Yahoo! Finance
- Bay Area stores among Advance Auto Parts closures: WARN notices [Yahoo! Finance]Yahoo! Finance
- Advance Auto Parts issues 'employee separations,' distribution center to close March 2025 [Yahoo! Finance]Yahoo! Finance
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