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‘A retail apocalypse’: Big box and chain retailers undergo wave of closures

15,000 closures expected this year, twice as many as in 2024

A Rite Aid store at 6300 York Road in Baltimore, Md., is seen ready to close  following the company’s bankruptcy filing. The pharmacy chain is shuttering hundreds of locations nationwide as part of its restructuring plan. (Nia Meyers/Staff)
A Rite Aid store at 6300 York Road in Baltimore, Md., is seen ready to close following the company’s bankruptcy filing. The pharmacy chain is shuttering hundreds of locations nationwide as part of its restructuring plan. (Nia Meyers/Staff)
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"Some of the retailers that have failed weren't really innovating or thinking about the customer very well," one industry analyst said.

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