Scores of much-loved businesses, from Red Lobster to Rite Aid, have filed for Chapter 11 bankruptcy protection and have closed sites across the country.

Some store locations shut down due to a lack of business. Other places may close because of issues with the franchisee who owns them. The following retail chains have been among the most active in recently shutting down locations. Find out if you should worry about the future of your favorite store.

Even restaurants got involved with Boston Market locations shutting down and franchise owners closing Burger King and Hardee’s locations. So, what can you expect from your local stores this year? Here are a few that could close their doors in 2024.

Here are 15 major retailers that have announced mass store closings or are going out of business in 2024. 1. Rue 21. Image Credit: Epic Economist. Teen apparel retailer Rue 21 has filed for bankruptcy for the third time and is now liquidating all its assets.

As the retail landscape continues to evolve, 2024 has seen several major retailers closing stores, shutting down entirely, or gearing up for an online presence. Economic pressures, changing...