By Dorothy Philbin | CNBNews Contributor

Store Closings in 2022

Maybe there is hope for mom and pop stores if they can just hold on long enough.

We’ve been doing a lot of talking and worrying, with cause, about “mom and pop” stores and if they can survive by the time the pandemic ends.  During this time, however, we haven’t been looking at big box stores and those which have been in operations for more than a century.  There is always “good news/bad news” in issues such as this.  The good news/bad news is that if major mall stores close, the mom and pop stores pick up the slack – if they can survive that long.

Some chain stores are closing completely, others are just changing their mode of operations.  Is there a street corner in any city without a Starbucks?   There will be more in the next year or two.  The coffee store will be closing about 400 full-service stores but will be opening about 700 drive-throughs.  You will soon be able to buy a $4 cup of coffee without getting out of your car.  That expensive coffee made a 21.6% profit for the company.

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