Brick-and-mortar stores have been facing various difficulties ever since the boom of the e-commerce industry. A lot of national and international brands have decided to close down fairly recently. In fact, the rates of businesses closing down are unprecedented. Let us see if your favorite store survived…
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Payless
Payless ShoeSource has one of the highest number of store closures among the companies on the list. It plans to shut down more than 2,500 stores! Clearance sales are now going on to liquidate and clear stocks. Some stores remained open until May, but many closed down by March.