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Big-box retail chains were never a solution for America s downtowns

Big-box retail chains were never a solution for America s downtowns
finance-commerce.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-commerce.com Daily Mail and Mail on Sunday newspapers.

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Why Big Box Chain Stores Are Fleeing Cities

Retailers saddled with high debt, overexpansion, shoplifting losses, slumping sales and online competition are shedding stores fast.

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Big-box retail chains were never a solution for America s downtowns − and now they re fleeing back to suburbia

Target made national headlines in 2018 when it closed its store in a predominantly Black Baltimore neighborhood after just 10 years of operation. Target has closed additional stores in Chicago, Milwaukee, New York, San Francisco, Seattle and Portland, Oregon. Walmart, CVS, Rite Aid and Walgreens have also closed many urban stores.

United statesNew yorkSan franciscoLos angelesFrankw woolworthMichael porterAlpha betaBrookings institutionWhole foodsRite aidHunter collegePiggly wigglyBlack baltimoreWest los angelesCompetitive advantageInner city

Big-box retail chains were never a solution for America s downtowns, and now they re fleeing back to suburbia

Big-box retail chains were never a solution for America s downtowns, and now they re fleeing back to suburbia
phys.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phys.org Daily Mail and Mail on Sunday newspapers.

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Big-box retail chains were never a solution for America s downtowns − and now they re fleeing back to suburbia

Shoplifting has been hyped as a driver of chain-store closures, but did these companies ever really understand urban environments in the first place?

United statesNew yorkLos angelesSan franciscoMichael porterAlpha betaFrankw woolworthRite aidPiggly wigglyWhole foodsBrookings institutionBlack baltimoreWest los angelesCompetitive advantageInner city