Retailers shuttered 4,600 stores this year. Here are the stores that disappeared.
CBSN
This year was a rough one for some major retailers, as illustrated by an 80% surge in store closures in 2023 from the year before, according to Coresight Research.
The reasons for this year's more than 4,600 store closures are varied, ranging from the bankruptcy of a major retail chain to some operators closing underperforming locations. In some cases, retailers blamed rising theft for their rationale in closing some locations.
Against the backdrop of the closures are several trends weighing on some brick-and-mortar businesses. For one, Americans continue to shift to online shopping. And secondly, inflation-wary shoppers are cutting back on some types of purchases, such as electronics and jewelry.
Primaries in different parts of the country on Tuesday could exert some influence on Republicans' chances at gaining back ground from Democrats in November and help decide whether an often unpredictable House Republican who has upset members of her own party will make it to the general election. Here are a few races to watch:
A blistering heat wave that recently brought record-breaking temperatures to large sections of the southwestern United States, including several major cities, is forecast to continue this week as it tracks over much of the country on its way toward the East Coast. Meanwhile, meteorologists have warned that powerful storm weather could dump as much as a foot of rain, or more, on parts of Florida and potentially give rise to another round of tornado threats in central states. Metropolitan areas like Chicago may be affected by a possible twister.
After four days of voting, with more than 400 million people eligible across 27 countries, European voters have pulled the bloc's 720-seat parliament farther to the right than it has ever been. The European Parliament, for the next five years, will now have a record number of far-right legislators. Far-right parties made gains in Europe's top three economies — Germany, France and Italy — with gains by politicians who campaigned against immigration, against support for Ukraine and against climate policy.
Apple's annual Worldwide Developers Conference is typically a springboard for the company to announce new tech features for its software programs, and not as flashy as its yearly September event to trumpet its latest iPhone rollout. But this year, the WWDC could be a make-or-break moment for the tech giant.