Nowadays, e-commerce is making its biggest profit yet. Physical stores are continuing to struggle against the convenience of online shops, which has led to the closure of a large number of stores. Even the biggest international brands and department stores have taken a hit. In the last two years or so, these retailers have shut down an incredible amount of locations. It’s expected that this trend will continue this year as well. No industry is safe. Home good stores, clothing stores, and even electronic stores have all been affected. Read on to find out if your favorite stores are shutting down any or all of their stores this year!
Payless
Among the stores we’ll be talking about, Payless ShoeSource has had the largest number of closings this year. As of now, they are shutting down over 2,500 stores that are holding liquidation sales to finish their merchandise. Despite the fact that they’re keeping some of the locations open for the time being, others have already closed.