Retail Giants Bite Dust in 2025
Update: 2025-12-30
Description
In 2025, retail giants Forever 21, Party City, Rite Aid, and Joann closed their doors due to tough economic times and shifting consumer habits. Forever 21 struggled against cheaper online rivals like Shein and Temu, while Joanns brand and products found new life in Michaels stores after bankruptcy. Party City faced stiff competition and debt, leading to another bankruptcy. Rite Aid, burdened by opioid lawsuits, was acquired by rivals CVS and Walgreens. Checkout Solipillow.com
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