Retailers Closing Stores In 2024. Closing a store negatively impacts the company's online sales. The largest number of store closures stems from dollar tree's announcement earlier this year that it plans to close more than 600 family dollar.
More stores in 2024 retailers have expansion plans in mind, with the intent to open more stores than they plan to close. At least 11 retail brands have said they’re closing us stores in 2024, totaling up to 1,401 locations.