These 5 Big Chain Stores In Mississippi, Alabama and Arkansas Could Be Closing Soon

More brick-and-mortar retail locations are struggling and closing daily. Some are local or regional businesses, others are national chains that may be thriving in one area, but dying in another area.

There are many reasons behind these stores closing. People can now easily shop online, and the convenience of ordering your groceries, clothing, and more from the toilet is so much more appealing than throwing on pants and walking through a store.

People aren't spending as much money. Or they are, but the money doesn't go as far with record inflation.

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And finally, locations are closing due to high theft rates, and we've seen locations throw in the towel because they have more being stolen than they're selling.

These five stores below are ones the people of Tennessee could be seeing less of around very soon.

What Stores Are Growing and Going Strong?

Some stores are doing fantastic. Some grocery stores are booming with places like Aldi that are rapidly expanding. Their costs are lower than most stores, and their online ordering ability almost requires you to come into the store.

The others are the big box home improvement stores. Not all are doing great, but Home Depot and Lowes are showing profit. These are items people either need immediately or want to touch and feel.

Stores That Could Be Closed Soon

These stores are closing more and more locations and shutting more doors in 2024.

#5 - Walgreens

We're seeing this one with our own eyes, and I'd bet you have too. Just this year alone, we've watched multiple locations in our own neighborhood. Walgreens is set to close 150 locations by August of 2024.

#4 - Walmart

At first this one doesn't make sense. They sell groceries and are amongst the cheapest for just about anything you could think of needing. It's 11pm and you need a bicycle, some fish food and a dozen bananas? Well, sooner than later, your neighborhood might not have a place to get all of that in one stop for whatever freaky thing you have in mind.

#3 - Macy's

Macy's might need to stop spending so much money on their parade. Macy's is seeing some pain as their mall anchor stores are watching malls across the country dissolve. The company is planning to close 150 stores nationwide.

#2 - Dollar Tree/Family Dollar

Again, you'd think these types of store would be thriving. Everyone is looking for a deal these days, so why are 600-1000 stores closing nationwide?

CBS News says;

The retailer's family of brands has struggled as inflation impacts its low-income shoppers' wallets.

More incidents of shoplifting are also hurting the bottom line, the retailer has said.

#1 - Best Buy

Remember going to Best Buy and digging through all the CDs? I found so many random CDs of bands I thought I 'discovered' back in the day, and it's where you'd find singles of random European bands.

We used to stand in line for 4, 8, 10, even 24 hours on Black Friday do be the first through the door.

There's no CDs anymore. There are no DVDs and Blu-Rays. They have TVs, computers, phones and are trying to beat the other big box hardware stores by selling their appliances.

If Best Buy wants to survive in the online-shopping environment that is the current market, they'll downgrade their stores to about half the size. At this point, they are just "planning" to close 15 stores - about 2% of their total. We've already seen some communities' locations go the way of Circuit City.