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The closure of two Wawa locations in the center of Philadelphia this week are the latest in a string of retail closures nationwide due to a rise in "shrink", or retail theft.
Wawa, which has a total of 40 stores in Philadelphia, did not disclose a timeline for the closures. Impacted employees will be offered continued employment with the Pennsylvania convenience store chain.
On Tuesday, traders will be watching as some big names – including Pepsi, Citigroup, Wells Fargo and Delta Airlines – are set to announce 3Q earnings later in the week.
Hotels, including Marriott and the Hampton Inn, appear to be getting caught in the United States' rising crime wave this year, with shootings recently happening at two locations.
Rite Aid is contemplating putting all store goods in showcases in New York City in an effort to curb retail theft, according to a report from Fox 5 New York.