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

Published on 07/22/2021
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Express

100 of its shops will be closed by 2022. Express announced this last year. They already started with 31 shops in 20 states in January 2020. By the end of January 2021, another 35 shops are set to close. The following year, they are planning to close another 25.

Express

Express

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Office Depot

The company announced that there will be major changes in their organization this spring. Because of this, Office Depot will close an unknown number of stores, which will probably lay off approximately 13,000 workers by the end of 2023.  According to our trusted source, this initiative is part of an ongoing effort to save expenses because they will transform from a traditional retail store to an IT service provider.

Office Depot

Office Depot

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