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20 companies that quietly downsized in 2017

GOBankingRates Logo By Dan Ketchum of GOBankingRates | Slide 1 of 21: <p>In the second quarter of 2017, the U.S. economy saw its fastest-paced growth in two years, hitting a strong 3 percent growth rate as unemployment fell to a 16-year low. But despite a positive outlook, <a href="https://www.gobankingrates.com/making-money/retail-stores-closing-2017-list/">not every American company came away unscathed</a>.</p><p>As the retail advisors at Vend put it, "smaller stores are in; larger stores are out." Though under-the-radar downsizing wasn't exclusive to retailers in 2017, it was certainly a trend for brick-and-mortar businesses. Whether through layoffs or store closures, these 20 companies cut back dramatically and might give us a peek at some <a href="https://www.gobankingrates.com/investing/bold-stock-market-predictions/">business trends on the horizon for 2018</a>.</p>

The retail apocalypse continued, but retailers weren't alone

In the second quarter of 2017, the U.S. economy saw its fastest-paced growth in two years, hitting a strong 3 percent growth rate as unemployment fell to a 16-year low. But despite a positive outlook, not every American company came away unscathed.

As the retail advisors at Vend put it, "smaller stores are in; larger stores are out." Though under-the-radar downsizing wasn't exclusive to retailers in 2017, it was certainly a trend for brick-and-mortar businesses. Whether through layoffs or store closures, these 20 companies cut back dramatically and might give us a peek at some business trends on the horizon for 2018.

Click ahead to see which companies downsized this year.

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