In 2024, business bankruptcy filings rose by 33.5%. Many retailers and restaurants struggled as consumers prioritized essential items over discretionary spending, leading to a wave of closures.
Big Lots closed over 400 stores and announced going-out-of-business sales, while LL Flooring filed for Chapter 11, shutting all its 94 U.S. locations amid changing consumer priorities.
Collection
[
|
...
]