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In the last five years, several notable companies have closed or filed for bankruptcy, including Toys "R" Us, which shut down its stores in 2018 due to declining sales and competition from online retailers. Other notable closures include Payless ShoeSource, which closed all of its stores in 2019, and the retail chains Pier 1 Imports and J.C. Penney, both of which filed for bankruptcy in 2020. These closures reflect broader trends in retail, particularly the impact of e-commerce and changing consumer habits.

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2w ago

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