‘A turnaround has not occurred’ major retailer admits as it closes majority of stores - at least 16 have gone in weeks

A POPULAR discount retailer has seen more than a dozen stores close over recent months.

Chiefs at B2 Outlet Stores revealed sales have dipped, and the company has not seen a turnaround in fortunes.

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B2 Outlet Stores sell a range of discounted items, ranging from children’s clothes to toys and furniture.

But, 16 outlets across the country have closed their doors since November 7, according to the NBC affiliate WOOD-TV.

Execs announced earlier this week that the B2 Outlets Store in Hastings, Michigan, has shuttered.

President Duane Smith and CEO Matt Smith said closing stores isn’t an easy decision.

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Sales had declined but the retailer had looked for ways how to combat it.

“We have pivoted with various creative ways to drive foot traffic, yet a turnaround has not occurred,” they said in a statement shared on Facebook.

“Although closing stores is never an easy decision, B2 has reached that point where closing a small number of stores is imperative.”

The duo thanked its loyal shoppers for their custom.

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Prices were cut by 50% as the store rushed to clear the last remaining stock.

The prices of kids' clothes were cut to just $2 - days before the shutdown.

It comes just months after the discount retailer closed its store in Big Rapids.

Outlets in Canton, Rochester Hills, Kalamazoo, Lansing, and Muskegon, have also shut up shop.

The budget-friendly retailer’s website reveals the chain is more than just a store.

Shoppers can get 80% off toys and Christmas decorations.

The prices of shoes and furniture have been cut by 50%.

The U.S. Sun has approached B2 Outlet Stores for comment.

B2 Outlet Stores is not the only chain that has seen store closures or announced upcoming shutdowns.

Walgreens chiefs have warned that 150 drugstores will close by the summer of 2024.

Meanwhile, two Walmart stores in San Diego County will be closing on February 9.

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Chiefs at the popular supermarket chain closed more than 20 outlets nationwide last year.

And, five Macy’s stores are set to close this year and liquidation sales are underway.