Headline Homes: June 2021 nashvillepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nashvillepost.com Daily Mail and Mail on Sunday newspapers.
9 Retailers That Are Closing Stores In January 2021
01/28/21 AT 8:24 AM
The coronavirus pandemic continues to negatively impact the retail sector, with several companies announcing in January that they were closing stores as foot traffic waned and sales declined.
The consumer shift to online shopping during stay-at-home orders only further compounded the financial pressure these retailers were under, making it necessary to shutter locations to stay afloat or, in some cases, file for bankruptcy protection.
According to a report from Coresight Research (via CNBC), there could be up to 10,000 store closures in the U.S. this year, setting a new record amid the pandemic as retailers realign their brick-and-mortar portfolios to remain open for business.
mgreier@salemnews.net
SALEM The Salem Area Chamber of Commerce is kicking off the new year with hope, not really knowing how membership numbers in 2021 will be affected by COVID-19.
“We gained members and we lost members that’s normal for us,” Chamber Executive Director Lori Jewell said for 2020.
The chamber has over 350 members and is in the process of sending out invoices for 2021 memberships.
In a newsletter to members, she acknowledged the significant impact to area businesses from the virus and the actions that had to be taken in an attempt to curb it. Some businesses were shut down for some time, and others like Salem Twin Cinema and the Salem Community Theatre remain closed.
Angola Family Video store closing kpcnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kpcnews.com Daily Mail and Mail on Sunday newspapers.