Struggling Amazon 'rival' closed 56 stores; more shutdowns coming

TheStreetMonday, October 6, 2025 at 9:37:00 PM
Struggling Amazon 'rival' closed 56 stores; more shutdowns coming
A struggling retail chain has announced the closure of 56 stores, with more shutdowns expected this year. This trend highlights the ongoing challenges faced by brick-and-mortar retailers, particularly in the wake of competition from online giants like Amazon. The closures not only impact employees and local economies but also reflect a broader shift in consumer shopping habits.
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