Taking a quick look now at business news this morning, several major chains are scaling back operations across the U.S. this year as the economy continues to struggle. Rue21, Macy’s, Red Lobster, and 14 other retailers are closing hundreds of locations in 2024. The closures… according to the companies involved… are part of efforts to streamline operations and navigate increasingly difficult financial challenges. Chains like Rite Aid and Express are amidst Chapter 11 bankruptcy, while others are shutting down underperforming stores. The changes also reflect broader shifts in consumer behavior along with economic pressures that are impacting the retail sector nationwide.