Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry winners, according to an analysis by Coresight Research. Major retailers, including Party City and Macy’s, closed 7,325 stores in 2024, according to the retail advisory group’s data. That’s the sharpest jump since retailers in the U.S. shuttered almost 10,000 stores in 2020, the year when the Covid pandemic began. So far this year, closures continue to climb. Retailers have already announced 1,925 store closures so far in 2025 — and that was only as of Jan. 10. The five retailers that have announced the most closures this year are Party City, Big Lots, Walgreens Boots Alliance, 7-Eleven and Macy’s, respectively. The retail advisory firm projects that retailers will close about 15,000 stores this year as some legacy brands shrink and file…
OpenAI is taking its ChatGPT chatbot to the next level, adding a feature to automate tasks like planning vacations,…
The California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in…
Goldman Sachs is rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in…
The Walt Disney Company’s box office domination continued over the holiday weekend. “Moana 2” topped $1 billion during the Martin…
The creation of billions of dollars of digital wealth for the Trump Organization started with a social media post…
Shares of Netflix soared more than 13% Tuesday after the company posted fourth-quarter results that beat on the top and bottom…
JPMorgan Chase CEO Jamie Dimon said Wednesday that the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could…
Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it.…