Economic Recession: How it effects major stores in USA
Stores closed in USA due to economic recession
The post-COVID economic recession has changed big time all over the world.
Due to this effect, companies and organizations collapsed like piles of rubble. Many companies had to approach layoffs for the better though it shows bad signs on the economy. Even the giant tech company Google had to let go of their employees many times due to this. Here are some of the companies in the USA that have closed their stores or laid off their employees.
* ‘DOLLAR TREE’ is an American multi-price point chain of discount variety stores in America that has closed 1000 of its stores.
* Walgreens is an American company with a history of 123 years. It operates the second-largest pharmacy store chain in the United States after CVS Health. It closed 900 of its stores due to economic recession.
* Macy’s is a store with a history of 165 years. Roland Hussey founded it in 1858. It closed 150 of its stores.
* GAP, a popular clothing brand, also had to close close to 350 stores.
* Popular food store Burger King had to close more than 400 stores in the USA alone.
* Regal Cinemas, a popular multiplex chain has closed almost 429 locations recently.
* Kroger is an American retail company that operates supermarkets and multi-department stores across the US. It closed 413 of its stores.