Not included in this list is 99 Cent Only Stores closing all 371 locations announced April 2024
The great biden economy
> Some companies, including Express and Foxtrot, are in dire financial straits. Others, such as Walmart and TJX, have plans to expand by more stores than they close. Still others, like Foot Locker and Macy’s, are shifting their strategies as shopping patterns change.
* Walmart and TJ Max are actually expanding which is how you know this article is written to misinform and manipulate you.
* Express: Mall stores have been dying for decades
* Foxtrot: had never heard of them. They’re a start up convenience store. Sounds like they had a cool concept that was slow to catch on, so they diluted their value proposition and consumers really didn’t know why to go there. I bet rising interest rates killed them like so many investment-fueled unprofitable startups.
* Macy’s and Foot Locker: again, brick & mortar retail has been getting hit hard for decades as consumer buying habits change. What Macy’s and FL have been doing seems to have been working for them as they are hoth surviving relatively well while others like JC Penney and Express(as noted here) have been struggling. The Sears Catalogue also died off as consumer buying habits changed.
This article is propaganda. I, myself, am guilty of not reading the article sometimes, but since there’s a number of accounts in this sub absolutely cheering for any bad news about the economy, I wanted to provide a summary and context.
Has no one told them this is the best economy ever?
4 comments
Family Dollar: 600 stores
CVS: 300 stores
Foot Locker: 113 stores
Express: 107 stores
Rite Aid: 77 stores
Macy’s: 50 stores
Foxtrot: 33 stores
Walmart: 7 stores
TJX: 3 stores
Not included in this list is 99 Cent Only Stores closing all 371 locations announced April 2024
The great biden economy
> Some companies, including Express and Foxtrot, are in dire financial straits. Others, such as Walmart and TJX, have plans to expand by more stores than they close. Still others, like Foot Locker and Macy’s, are shifting their strategies as shopping patterns change.
* Walmart and TJ Max are actually expanding which is how you know this article is written to misinform and manipulate you.
* Express: Mall stores have been dying for decades
* Foxtrot: had never heard of them. They’re a start up convenience store. Sounds like they had a cool concept that was slow to catch on, so they diluted their value proposition and consumers really didn’t know why to go there. I bet rising interest rates killed them like so many investment-fueled unprofitable startups.
* Macy’s and Foot Locker: again, brick & mortar retail has been getting hit hard for decades as consumer buying habits change. What Macy’s and FL have been doing seems to have been working for them as they are hoth surviving relatively well while others like JC Penney and Express(as noted here) have been struggling. The Sears Catalogue also died off as consumer buying habits changed.
This article is propaganda. I, myself, am guilty of not reading the article sometimes, but since there’s a number of accounts in this sub absolutely cheering for any bad news about the economy, I wanted to provide a summary and context.
Has no one told them this is the best economy ever?