Name: Retail closures: 7-Eleven, Big Lots, and Walgreens shutter locati #OnlineStore #OnlineShopping [Video]
Uploaded: 2024-10-16T11:38:25+00:00
Description: Walgreens just announced they are closing 1,200 stores across the country and that number could jump to 2,000.

Retail closures: 7-Eleven, Big Lots, and Walgreens shutter locati [Video]

SAN DIEGO COUNTY, Calif. — Walgreens just announced they are closing 1,200 stores across the country and that number could jump to 2,000.

But the pharmacy giant isn’t alone.

Earlier this month, Big Lots and 7-Eleven also announced they are planning to close stores and, for several reasons, that’s causing a lot of concern across our community.

“A lot of people have turned to online shopping, particularly after the pandemic and those stores that have physical locations are being hurt by that,” said USD Economics Professor Alan Gin.

He says many brick-and-mortar businesses are struggling, including 7-Eleven, which announced this week that they’re closing more than 400 underperforming stores.

The convenience store retailer says inflation and declining cigarette sales have hurt their bottom line.

Walgreens says they’re struggling to contend with online competitors and declining prescription drug payments.

Meanwhile, Big Lots just announced they’re shutting down their store in National City, making it their fourth location …

Tags Online Shopping, Online Store