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From Best Buy to Party City, these are the top brands that have announced closures across U.S. [Video]

Categories
Ecommerce

STATEN ISLAND, N.Y. — It’s been a rough couple of months for big-box brands and major department stores, with many major U.S. retail chains announcing significant store closures or filing for Chapter 11 bankruptcy. Blaming the brick-and-mortar shrinkage on declining foot traffic, shifting shopper habits and inflation, many of the companies claim change is necessary in this current retail landscape.

And as the convenience of online shopping overpowers the in-store experience, the downsizing marches on. Here’s a closer look at which stores recently reinvented, and which have permanently disappeared:

Best Buy

In March, this tech chain announced it would close about a dozen stores across the United States and conduct layoffs due to declining sales.

The brand was also experimenting with outlet centers and new formats in an effort to create more “vibrant and exciting” locations with updated technology.

According to Best Buy’s website, there are 1,050 stores in the United States, 53 of which are in New York, …

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