Store Closings 2024 Trends. For the three months ended june 30, 2024, net operating income decreased by $8 million or 5.5% from the same quarter last year, largely due to the decrease in. Retailers have so far announced 580 store closures, with the shutterings led by cvs health and walgreens.
The company has been facing declining sales. With macy’s exiting, malls will need to undergo.