‘Doom loop’ wreaks havoc on American retail giants even in ‘superstar’ cities with 2,800 stores to close by Holidays ...Middle East

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RETAILERS have suffered with closures as big-name stores’ presence on the ground has been cut. Thousands of locations by big-name chains have closed or are set to close this year. Getty Images - GettyThousands of in-person big-name retail stores are set to close their doors by the end of the year[/caption] Google MapsThe ‘doom loop’ has caused havoc among retail stores and spaces this year[/caption] GettyThe ‘doom loop’ is an idea where one bad event could lead to a series of bad outcomes, for example, a rise in work-from-home has led to less city foot traffic, so fewer customers are potentially shopping in these stores[/caption] GettySome retailers have closed locations fol

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Last updated : 03 Nov 2023 clock 03:36 PM

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‘Doom loop’ wreaks havoc on American retail giants even in ‘superstar’ cities with 2,800 stores to close by Holidays ...Middle East

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