The bad news didn't stop this week for the retail industry. Charlotte Russe, Family Dollar, Abercrombie & Fitch, and Chico's all announced more than 1,100 store closings over the course of 24 hours.
The news comes one week after JCPenney, Gap, Victoria's Secret, and Tesla announced that they would close more than 300 stores. That brings the total number of planned closures announced this year to more than 5,300.
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