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China Daily / 2023-07 / 26 / Page010

Online shopping, high rents take a toll on US retail stores

By Belinda Robinson in New York | China Daily | Updated: 2023-07-26 00:00

Pandemic deals severe blow as 2,400 big-box outlets across country close

Editor's note: As the retail sector in the United States suffers from various setbacks, including failure to fully reckon with the rise of online shopping, this page takes a close look at how the country's retailers are going through such a tough time amid a slowing economy.

The aisles with big blue signs, lined with perfumed bath salts, floral sprays and bedding and home goods, offered Bed Bath & Beyond shoppers low prices on everyday essential items.

However, the retail store chain, established in New Jersey in 1971 and expanded to all 50 states, filed for bankruptcy in April. It planned to close all 400 stores by June 30. Some stores still remain open as they liquidate inventory.

Report cites rights progress in Tibet

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