Peoria to lose two more retail stores
Posted: Mon Dec 11, 2023 5:30 pm
“ Meanwhile, two Peoria stores are closing at the Shoppes at Grand Prairie.
"As more and more people shop online, we are going to lose more and more of these brick and mortar, local stores. That's just an unfortunate side effect of online shopping," said Chris Setti, the CEO of Peoria Economic Development Council.
It includes the J. Crew Factory store that filed for Chapter 11 bankruptcy in 2020. In September, managers announced it had equitized more than $1.6 billion in debt.
Another store closing at the end of March is The School House Express. On Facebook, the owner said the difficulties of the pandemic are forcing her to shut the doors.
Setti believes online shopping and the pandemic are playing a role in the closures.
"It is so convenient sometimes to shop online and just to sit at your couch and click a button but every time we do that we're making a conscious choice, and that choice is hurting our community and our business community in many ways," said Setti.
Setti said the closures also mean fewer entry level jobs. He said fewer jobs can lead to higher levels of unemployment in the area.”
https://www.centralillinoisproud.com/ne ... -pandemic/
"As more and more people shop online, we are going to lose more and more of these brick and mortar, local stores. That's just an unfortunate side effect of online shopping," said Chris Setti, the CEO of Peoria Economic Development Council.
It includes the J. Crew Factory store that filed for Chapter 11 bankruptcy in 2020. In September, managers announced it had equitized more than $1.6 billion in debt.
Another store closing at the end of March is The School House Express. On Facebook, the owner said the difficulties of the pandemic are forcing her to shut the doors.
Setti believes online shopping and the pandemic are playing a role in the closures.
"It is so convenient sometimes to shop online and just to sit at your couch and click a button but every time we do that we're making a conscious choice, and that choice is hurting our community and our business community in many ways," said Setti.
Setti said the closures also mean fewer entry level jobs. He said fewer jobs can lead to higher levels of unemployment in the area.”
https://www.centralillinoisproud.com/ne ... -pandemic/