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A projected 15,000 stores are expected to close between now and the end of December, and some of the retailers that are shutting down the most locations may surprise you. 10. Best Buy
As announced last year, Macy's department stores across the United States have been closing as part of a wider plan to shut down 150 locations through 2026. Last year, Macy's shuttered 50 ...
GEM – initially called Government Employees Mutual Stores, and later Government Employees Mart before settling on G. E. M. Membership Department Stores, a profit-making company that was aimed at the governmental employees market; first store was opened in Denver in 1956; [190] after several expansions, the company filed for bankruptcy in 1974 ...
Macy’s, for example, is in the middle of closing about 150 of its namesake stores across the country by early 2027. The department store operator has been shuttering roughly 50 of those per year ...
Kohl's Is Downsizing. Kohl's is set to close 27 underperforming stores across 15 states by April 2025, the chain announced in a recent press release. The closures represent about 3% of the ...
Bose shut down all of its 119 retail stores in 2020 in order to follow a "dramatic shift" to online shopping only. [79] Carter's announced the closure of at least 200 stores in an earnings call in October 2020; the children's apparel chain planned to close about 80% of its locations by 2022. [80]
The company has decided to close all American Freight stores nationwide. There are 365 stores in 40 states, so it’s a large brand. Closing sales at all stores and online will begin on Nov. 5.
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...