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Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse
Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse Retail store closures surged in 2024, reaching their highest levels since the start of the pandemic, a new study said. A total of 7,325 U.S. stores closed in 2024, driven by inflation and an increasing shift toward online shopping, according to retail data firm Coresight Research. The closings marked the steepest decline in brick-and-mortar retail since nearly 10,000 stores closed in 2020. While 5,970 stores opened—the highest yearly number since 2012—closures outpaced openings by a net loss of 1,355 stores.  "Retailers that were unable to adapt supply chains and implement t…

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by Chris Spiker
Business
Burn Hazards Cost Fitbit $12M+ After Delayed Smartwatch Recall: CPSC Burn Hazards Cost Fitbit $12M+ After Delayed Smartwatch Recall: CPSC
Burn Hazards Cost Fitbit $12M+ After Delayed Smartwatch Recall: Cpsc Fitbit will pay more than $12 million for failing to promptly report that its Ionic smartwatches posed serious burn risks, officials said. Fitbit LLC, which is now owned by Google, has been fined $12.25 million to settle claims by the Consumer Product Safety Commission, the federal agency said in a news release on Thursday, Jan. 23. The defect caused the Ionic smartwatches to overheat, leading to second- and third-degree burns for some users. Between 2018 and 2020, Fitbit received multiple reports of its Ionic smartwatches overheating and injuring users, the CPSC said. In ear…

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by Chris Spiker
Business
Kohl’s Closing 27 Stores Across The US Including In VA Kohl’s Closing 27 Stores Across The US Including In VA
Kohl’s Closing 27 Stores Across The US Including In VA Kohl’s announced Thursday, Jan. 9, the closure of 27 underperforming stores, including locations in Pennsylvania, New Jersey, Massachusetts, and Virginia, as part of its 2025 real estate changes. The closures are expected to be finalized by April 2025 and are part of the company’s strategy to strengthen its store portfolio while adapting to evolving consumer trends. Among the affected locations are stores in Pennsylvania, New Jersey, Massachusetts, and Virginia. Pennsylvania Pottstown – 351 W Schuylkill Rd. New Jersey East Windsor – 72 Princeton Hightstown Rd. Massachusetts Stoug…

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by Jillian Pikora
News
Fisher-Price Recalling 366K Baby Dumbbell Toys Due To Infant Choking Hazard Fisher-Price Recalling 366K Baby Dumbbell Toys Due To Infant Choking Hazard
Fisher-Price Recalling 366K Baby Dumbbell Toys Due To Infant Choking Hazard Fisher-Price is recalling hundreds of thousands of baby dumbbell toys that could pose a potential choking threat to infants the US Consumer Product Safety (CPSC) announced. The retailer is recalling 366,200 toys that were sold nationwide and online along with the Baby Biceps Gift Set that includes dumbbells with caps that can pop off, creating the hazard. CPSC The bar of the dumbbell toy is gray with orange and red plastic weights on each side, officials said. The model number GJD49 is located on the back of the kettlebell toy in the gift set. CPSC None of the other toys inside the Bab…

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by Zak Failla