15 Retailers Going Out Of Business In 2024

The American retail landscape isn't the same as it was just a few years ago. Businesses that used to be a synonym of success are dying at a pace that is simply astonishing. Brands that used to have thousands of stores across the U.S. are going out of business after struggling for years. Many of them have done everything they could to prevent this from happening, or at least, delay their disappearance. But the economic decline gripping our nation has been unforgiving.

Over the past few years, we've lost more purchasing power than at any other point since the 1970s. We've seen the income gap get wider, with many middle-class Americans falling into the cracks and straight into poverty. The soaring cost of living has made it almost impossible for average U.S. households to save for their future. People are being very careful about their spending because, with each passing month, the cost of bare necessities like rent, food, and gas is getting higher.

That's why seeing boarded up storefronts has become the new normal. In this environment, American retailers are literally fighting for their survival. Now, they are taking every step to streamline their operations and cut costs. That includes reducing their store count even further in order to improve profitability and save their businesses from bankruptcy.

Although for some of them that's too little, too late, others are acting fast before conditions deteriorate any further. If you have a favorite brand or store, make sure to visit it while you can, because the truth is that it might not be there a few months from now. Today, we listed 15 big retailers that announced mass store closings or are going out of business in 2024. Without further ado, let's check out this list.

[Beatricegove]

For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.

[pj]

Most people don’t dress nicely these days, so clothing stores are struggling.

[mwarnken]

thanks for shoplifting us all into this situation! thanks for defunding police so this could happen!

[robertmanella]

Bring back mom & pop stores!!
Big chain stores can go bankrupt and I will not give a damned!!

[angelomarcuzzi]

Whipped out by WHO?? Every Walmart parking lot is packed all day !!

[drewstead]

The flip side of extreme inflation is deflation and we're starting to see it as Ikea, Michael's, Walmart and Target roll back prices. Another indicator is fast food chains offereing $5 meal deals. If you can remember back to 2008-2012 there was $5 footlongs and other $5 deals. We're facing the stock market and average wages falling by 50-75%

[winniethepoohandeeyore]

I've cut way back on spending, pouring more into our mortgage to pay it off faster, putting money in savings.

[renegademind]

it better to cut out the middle man and brand names. China need sell directly to any country consumers the same stuff, way cheaper. Stop making middlemen RICH.

[NormanLor]

HOW ON EARTH DOES A CHAIN LIKE DOLLAR TREE GO OUT OF BUSINESS, IF A CHAIN THAT SELLS THOUSANDS OF ITEMS UNDER 4$ CAN'T SURVIVE...WHAT'S NEXT!!

[PaulVanriper-jgyc]

Who can lower inflation this country used to be great after World War II in the fifties it's and it's been a slow decline ever since now it's speeding up I live in Clearwater Florida and there's no abandoned buildings yet but I'm going to start looking around and seeing the signs of decline I'm retired and I have to go to a food pantry and I'm seeing little already I used to fill up an army duffle bag and could barely get it on my shoulders now it's only half they need to quit sending so much money to Ukraine they need to fight for them to their own country or put boots on the ground and have NATO take care of Russia now and quit being cowards about nuclear war what's worse nuclear war or having your America declined

[stephanielaurenbounds]

I miss the Fred’s store we once had in my hometown of Clinton, Mississippi.

[johnwayne]

This is the result of career politicians who can't even manage a lemonade stand are voted in to run a country.

[kenhollis]

GNC can't pay their bills but can pay their top executives 4 million dollars in bonuses. How does this make sense?

[MrRFAvery]

I have never saw the country in the shape it is now in. I am 75 years old.

[TommyD-foye]

He fails to mention that many of Walmart's closings are because of retail theft.

[nicolasbenson]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680, 000 savings vanish after putting in so much effort to accumulate them.

[alfiyaa]

It’s not getting better anymore, so learn how to survive without spending money

[georgeawestjr.]

This country is in real deep, deeper and the deepest 💩 than ever before. ☹️

[zxdeopl]

I am 50 years old, I remember the good times of the 80's and most of the 90's.

[LaughitOff]

We traded peace and prosperity for this! Not kidding.