Underlying factors behind the closures of major retailers in metropolitan areas

SalesMoney Matters
Written By Jennifer Joslyn

🌇 Underlying factors behind the closures of major retailers in metropolitan areas.

The closure of major retailers like Walmart and Starbucks in big cities is driven by a combination of factors, including oversaturation of stores, remote work trends, online shopping, high rents, crime concerns, and difficulties in hiring workers. To revitalize downtown retail, significant changes are necessary, such as creating denser neighborhoods with a diverse mix of affordable housing, experiential retail, restaurants, entertainment, parks, and other amenities. Policymakers play a crucial role in reshaping downtowns to attract retail and ensure the fiscal health of cities and regional economies.

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Underlying factors behind the closures of major retailers in metropolitan areas
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The closure of major retailers like Walmart and Starbucks in big cities is driven by a combination of factors, including oversaturation of stores, remote work trends, online shopping, high rents, crime concerns, and difficulties in hiring workers.

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Jennifer Joslyn
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