Guess Store Closures: Why They Are Happening in 2024?

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Okay, so I saw this thing online about Guess possibly closing stores in 2024, and it got me thinking. I decided to dig into it a bit myself, just to see what’s up.

Guess Store Closures: Why They Are Happening in 2024?

First, I started by checking out some news articles. It seems like a lot of retail stores are having a tough time lately. I read that many big names are either closing stores or going bankrupt. Family Dollar, for example, announced they’re closing 677 stores. Macy’s is also downsizing, planning to close 55 stores by the end of the year. It’s wild!

Then, I looked at Guess specifically. Their website traffic in May 2024 was around 2.2 million, which is actually up from the previous month, but still, there is a bounce rate of 50.48%. Most of their traffic comes from the US.

I also found out that retailers have this formula for deciding when to open or close stores. It’s all about how well a store is performing, obviously. But the news is talking about 2024 being a really bad year for businesses, with many closing down.

  • Checked news articles about retail closures.
  • Found information on Family Dollar and Macy’s closing stores.
  • Looked at Guess’s website traffic and found it to be up but with a high bounce rate.
  • Read about retailers’ formula for opening/closing stores.
  • Learned about 2024 being a tough year for retail.

So, I started to put the pieces together. It looks like the whole retail industry is struggling, and Guess might be affected too. High inflation and changing shopping habits are probably making things tough for them.

After that, I tried to find some official statements from Guess about store closures, but there wasn’t much out there. It’s mostly just speculation based on what’s happening in the industry.

Guess Store Closures: Why They Are Happening in 2024?

I ended up feeling like it’s a real possibility that Guess might close some stores in 2024, but it’s not confirmed yet. It’s just a tough time for retail in general, and everyone’s feeling the heat. I guess we’ll just have to wait and see what happens.

Anyway, that’s my little investigation into the Guess store closure rumors. It was interesting to see how much the retail landscape is changing. I just hope that the employees at these stores will be okay if closures do happen.

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