Store closures are surging this year. Here are the retailers shuttering the most locations. [CBS News]
Dollar Tree, Inc. (DLTR)
Last dollar tree, inc. earnings: 3/4 07:30 am
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Source: CBS News
the closures of almost 3,200 brick-and-mortar stores so far in 2024, according to a new analysis. That's a 24% increase from a year ago, according to a report from retail data provider CoreSight, which tracks store closures and openings across the U.S. Although some retailers are planning to expand this year, major chains have announced 4% fewer openings compared with a year earlier, the analysis found. Blame changing consumer habits, as well as retailers' management struggles and bankruptcies, with the latter impacting companies including Rite Aid and Rue21. The largest number of store closures stems from Dollar Tree's announcement earlier this year that it plans to close more than 600 Family Dollar locations this year, with the discount store citing the impact of inflation on its customers as well as an increase in shoplifting. "A lot of this year's closures are related to bankruptcies of chains that have been in trouble for a while, like Rite Aid and Rue21," Neil Saunders, ma
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DLTR
Earnings
- 3/13/24 - Miss
DLTR
Sec Filings
- 5/22/24 - Form 8-K
- 5/10/24 - Form 8-K
- 5/7/24 - Form ARS
- DLTR's page on the SEC website