We Now Know Why These Large Retail Companies Are Closing Down Stores

Published on 07/22/2021
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Charlotte Russe

Charlotte Russe announced the company’s demise in March 2019. Yes, it covers over 500 stores across the country. The company previously announced the closure of 94 stores. The others were set to close on April 30, 2019. Although online transactions have already ended, products may still be acquired at liquidation sales in specific places.

Charlotte Russe

Charlotte Russe

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Starbucks

Starbucks said in the summer that it will shut 150 underperforming stores permanently. This is three times the amount it normally closes with after a fiscal year. However, the company stated that the closures will have an impact on big cities with oversaturated markets. In such cases, the coffee chain branches are just competing with one another.

Starbucks

Starbucks

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