A California mall is the latest hit in the ongoing “retail apocalypse” as both a Starbucks and a popular burger joint have closed.
The closures come as thousands of stores across the country closed in 2023 alone.
Earlier this month, the Fresno Bee reported that Fresno’s River Park mall was once again losing a popular Starbuck location.
Previously, the mall housed three local stores.
One location was closed during the coronavirus pandemic and reopened this past January.
However, a separate location near a Blackstone store has also since closed.
According to media reports, the building is to be demolished.
It’s unclear what will be built in its place, but Tracy Kashian, who has been in charge of public relations for the mall, told the Fresno Bee there is interest from a “jewelry store.”
The second business to recently close in the area is one of the few Brooks Burgers locations in the state.
As of Monday, the chain restaurant had only two remaining locations in California listed on its website: one in Pismo Beach and one in San Luis Obispo.
While the closure may be sad for fans of the burger joint, Kashian stressed how the switch from shops and restaurants is to customers.
“There’s never an end when you’re done,” Kashian said.
“You always have to keep going and giving people what they want.”
What will replace Brooks Burgers, shoppers can expect to find a local sushi restaurant, according to the report.
News of the store closures comes as at least 2,000 retail locations across multiple businesses across the country have been closed.
Last week, analysts at investment bank UBS warned that up to 50,000 more stores are expected to close over the next five years.
If the economy goes into a prolonged recession, it could be as high as 90,000.
Smaller companies with up to 500 employees are likely to be hit hardest.
Dozens of large companies have had to close smaller locations in recent years due to the effects of the corona pandemic.
Combined with rising inflation, experts have dubbed the situation a “retail apocalypse”.
Affected companies include Macy’s, Party City, Tuesday Morning, Bed Bath & Beyond, Walmart and many more.