Coresight Research expects some 15,000 locations to shutter in 2025, with plans already up well over 300% year over year.
The California-based retailer said the pandemic kicked off years of falling revenue and rising costs. It will close at least one store but stay in business.
The move will leave the struggling mall with another space to fill, and the luxury department store’s only full-line locations outside the city.
The move adds to the home improvement retailer’s delivery capabilities, which also include a tie-up with Instacart.