Retailers, chains that announced closures in 2024
CLEVELAND (WJW) – It was another tough year for restaurants and traditional brick-and-mortar retailers. Several national chains announced closures and bankruptcies in 2024 – not to mention the local small businesses that quietly shuttered around the country.
Stores ranging from Advance Auto Parts, to JOANN Inc., have announced closures as well as restaurants, including Red Lobster and Wendy's.
Retail closures were up 69% in 2024 when compared to last year, according to Coresight data reviewed by Newsweek.
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