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Why so many retail stores are still closing [Yahoo! Finance]

Walmart Inc. (WMT)  More Company Research Source: Yahoo! Finance
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
It's been going on for years, but the picture today is actually quite complicated. Don't miss the move: Subscribe to TheStreet's free daily newsletter This year, 13 major companies have said they will shut down more than 2,000 stores around the country. That's on top of 4,548 in 2023, 3,818 in 2022, 5,228 in 2021 and nearly 9,700 in 2020. And there are more beyond that: small companies with just a few stores or maybe just a neighborhood mom-and-pop operation. Related: Target slashes prices ahead of holiday shopping surge The forces driving these closures fit into one or more buckets, including: The Covid-19 pandemic. It's the public-health-infused socioeconomic crisis that keeps on giving. Retailers were body-slammed in 2020 into 2021 by the Covid-generated slump. But the pandemic is also responsible for many continuing closures. Inflation. Yes, inflation has been a problem. Freight rates jumped as Covid-19 eased and life resumed. Rising fuel and energy costs cut into p [Read more]
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Stockreport

Why so many retail stores are still closing [Yahoo! Finance]

Walmart Inc.  (WMT) 
More Company Research Source: Yahoo! Finance
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
It's been going on for years, but the picture today is actually quite complicated. Don't miss the move: Subscribe to TheStreet's free daily newsletter This year, 13 major companies have said they will shut down more than 2,000 stores around the country. That's on top of 4,548 in 2023, 3,818 in 2022, 5,228 in 2021 and nearly 9,700 in 2020. And there are more beyond that: small companies with just a few stores or maybe just a neighborhood mom-and-pop operation. Related: Target slashes prices ahead of holiday shopping surge The forces driving these closures fit into one or more buckets, including: The Covid-19 pandemic. It's the public-health-infused socioeconomic crisis that keeps on giving. Retailers were body-slammed in 2020 into 2021 by the Covid-generated slump. But the pandemic is also responsible for many continuing closures. Inflation. Yes, inflation has been a problem. Freight rates jumped as Covid-19 eased and life resumed. Rising fuel and energy costs cut into p [Read more]
IMPACT SNAPSHOT
EVENT TIME:
WMT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS