These Stores Are Closing Due To Looting And Lost Profits
"As looting continues and lockdowns return, many retail companies have announced recently that they are shuttering some locations that have become simply too expensive to maintain.
"Major cities have been hit by a wave of “smash-and-grab” robberies, where organized groups of looters attack store employees and escape with thousands of dollars in merchandise. Organized retail theft now costs retailers across the country a grand total of about $65 billion per year.
"Meanwhile, some areas announced this month that they are again implementing stricter COVID restrictions, including mask and vaccine mandates, over concerns about rising virus cases and the new Omicron variant. Early data has pointed to the Omicron variant being less lethal but more contagious than the Delta variant.
"Some of the country’s major pharmacy chains have said that they plan to close a number of stores." . . .
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