Insight Report 12 minutes PremiumParty City and Big Lots To Close All Stores: What’s the $100 Billion Elephant in the Room? John Mercer, Head of Global Research and Managing Director of Data-Driven Research December 23, 2024 What's InsideTwo major US retailers, Big Lots and Party City, are closing. Big Lots stated that it will conduct an out-of-business sale following the failure of a deal to sell the company, while Party City plans to close all its stores. We argue that these closures are indicative of an underrecognized pressure on retailers, which we identify as totalling about $100 billion in scale. Companies mentioned in this report include: Big Lots, Five Below, Party City, Temu, The Container Store Other relevant research: US Mass Merchandisers, Warehouse Clubs and Discount Stores—Retail 2025 Sector Outlook: Essentials To Fuel Revenue Growth Holiday 2024: US Holiday Retail Homestretch—Retail Resilience; Temu in Top 10; Positive Traffic Trends Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Retail Innovation: State of In-Store Retailing and Opportunity To Redefine OperationsUS and UK Retail Bankruptcies Latest, June 2023Three Data Points We’re Watching This Week, Week 49: US Brick-and-Mortar RetailEarnings Insights 4Q23, Week 3: Crocs, Herbalife and L’Oréal See Strong Sales Growth; Capri Holdings and Hanesbrands Report Sales Declines
