Here are the major retailers closing US stores in 2024 [Video]

Several major retailers are closing stores this year across the United States as companies look to streamline their operations and cut costs. 

A number of factors have been blamed for storefront closures, including more intense competition from online rivals, more people staying home to work, difficulty hiring employees, and even crime and public safety issues. 

Some companies plan to close existing stores while simultaneously opening new locations using a new format. 

Here are a number of retailers who have closed stores, or are planning to close stores, in 2024:

Dollar Tree & Family Dollar

Dollar Tree, which owns Family Dollar, announced that it will shutter 600 of its Family Dollar stores in the first half 2024. 

An additional 370 stores will close once their leases expire, the company said in its fourth-quarter earnings report. 

Another 30 Dollar Tree locations will also close as their leases expire.

Foot Locker

Last year, Foot Locker announced that it planned to closemore …