Business Closures In New Jersey On The Rise

See The List Of Business Closures

Unfortunately in today's economic climate, many businesses have had to close doors on many stores around the nation and right here in the Garden State. Many of these businesses were staples for shoppers and residents; this list is on the rise again. Many of these businesses may have been stores you visited quite frequently. Did we have too many stores? or are we seeing a real problem when it comes to keeping doors open?

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In a recent Patch article, "Retail data provider CoreSight noted a 24 percent increase in store closures over last year as the retail industry adjusts to a shift in consumer shopping to online outlets, inflation, and bankruptcies."

So let's look at the list of retailers with the most store closings. Family Dollar leads the 2024 store closure list with over 600 stores closed, so far, around the nation including some here in New Jersey. This list shows the variety of different types of stores that have locked doors. From Family Dollar to Macy's the list is varied and extensive.

In the Patch article, CoreSight listed these stores closing in 2024

• Family Dollar (620)
• Rue21 (543)
• 99 Cents Only Stores (371)
• CVS Health (315)
• 7-Eleven (272)
• Rite Aid (165)
• Express (105)
• Walgreens Boots Alliance (77)
• Macy’s (51)
• The Body Shop (51)
• Soft Surroundings (43)
• Sam Ash Music (42)
• Sleep Number (40)
• Burlington Stores (39)
• Foot Locker (36)
• Foxtrot/Dom’s Kitchen & Market (35)
• Carter’s (30)
• Abercrombie & Fitch Co. (22)
• Outdoor Voices (16)
• Signet Jewelers (14)
• Big Lots (13)
• Ashley (13)
• Dollar General (12)
• H&M (10)
• Allbirds (10)
• American Freight (10)
• Best Buy (9)
• Mainline Pharmacy (9)
• Alimentation Couche-Tard (9)
• Ross Stores (9)

How many of these stores are locations that you would visit and spend money? How many jobs have been lost with all these stores closing their doors? How many will still shut down before 2024 is over? All these questions are NOT what you want to see economically in any year. Did you shop and or work at any of the businesses on this list?