Get The Accurate Locations Insights About How Many Supermarket and Grocery Stores Have Closed During 2020?
There are total 551 grocery and department store closures in the USA during 2020. Different states having maximum store closures in the USA include New York, Florida, California, and New Jersey. Locationscloud Data Store observes location data of over 130 grocery and department store brands within USA. We have discovered that 39 brands had closed their stores during 2020.
The above visualization shows the animated chart about store closures in 2020 by all store brands. We can observe that whereas Save A Lot was having maximum store closures for the majority of year, 7-Eleven had overtook it during September 2020 and become a brand having maximum closures during 2020.
The store having maximum store closures during 2020 was 7-Eleven having 182 closures, followed by Save A Lot having 87 closures as well as Macy’s having 36 closures.
This bar chart gives a clear idea about store brands having maximum number of closures during 2020.
USA’s stores were in bad condition even before Covid-19’s hit, however, this pandemic has deteriorated the toll on customary retailers. The retailers are lessening their physical presence as most of the business is happening online. Macy’s is downsizing and stated that they would close down many stores located in weaker malls. During May 2020, another store Nordstrom had announced that it might file for the protection of Chapter 11’s Bankruptcy as well as will close some full-line stores. Other store chains like Kroger also have been doing closures to avoid newer pay mandates, which will increase the labor cost.
During 2020, months which had maximum store closures include June with 80 closures, December with 77 closures, and July with 62 closures respectively.
States having maximum store closure for grocery and department chains in the USA are New York having 58 closures, New Jersey having 40 closures, as well as Florida and California having 38 closures each.
This bar chart shows the best 15 states having maximum store closures during 2020:
Out of 39 grocery and department store brands closed during 2020, 11 brands closed alone in New York while Pennsylvania, Illinois, and New Jersey had seen 10 store closures each.
This bar chart given below displays store brands having maximum closures in top states – New York, California, Florida, and New Jersey.
Amongst the states having highest closures, 7-Eleven had maximum store closures.
Cook County of Illinois had maximum store closures with 15 closures. Two counties of New York – New York and Kings had 13 closures each.
A chart given here shows best 5 cities having maximum closures. Brooklyn had maximum closures, followed by Philadelphia and New York City.
Although no cities from New Jersey had over 5 closures, this state had closings in about 33 cities while New York has store closing in merely 23 cities.
Locationscloud Data Store offers locations data of different brands extended across different industries including Healthcare, Automotive, Fast Food, etc. You might subscribe to our data plans to get datasets with data points including store opening, store closure, parking accessibility, competitor stores nearby, services, subsidiaries, and more.
Year 2020 has seen sudden retail store closures as well as bankruptcies, and year 2021 is not looking very good either. The worldwide impact of coronavirus pandemic on economy is ongoing as a lot of retail stores had hit hard due to this downturn. This Covid-19 pandemic has accelerated the downfall of many retailers that have faced declining sales as well as increasing debt in the last few years due to changes in the consumer preferences.
Departmental stores have the maximum risk as this pandemic had fallen some iconic names like JCPenney and Neiman Marcus. Malls has seen declining traffic even before the pandemic, however, stay-at-home orders have shifted buyers more towards online shopping. Even though retail stores has made the shifting to online as well as curbside pickup for at least making it through holiday seasons, 2021 might be on the pace of breaking the store closure records!