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Retail stores have good times and bad, but not everyone comes out on top amid financial struggles. That means retail store closures are coming in 2025. Here are some well-known retailers that are ...
U.S. retailers have announced more than 7,100 store closures through the end of November 2024, a 69% jump from the same time last year, according to recent data from research firm CoreSight.
Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [38] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
Closures have picked up this year because the retail sector’s sugar high of 2021 and 2022 — when consumers were snapping up new couches, televisions and clothing — has ended. Companies have ...
Macy's is closing more stores than it originally announced earlier this year. ... The retail giant said in February that by 2026, it planned to shut down 150 "unproductive" stores, or roughly 30% ...
Closed the majority of its retail stores in 2021 mainly due to the COVID-19 pandemic, with merchandise moved online and to department stores such as Target and JCPenney. [ 57 ] Edison Brothers Stores – operator of numerous shoe and clothing chains, including Bakers Shoes, Wild Pair, J. Riggings, Oaktree, Foxmoor and Fashion Conspiracy.
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 ...
The retailer said the closures would begin in 2024, with 50 "underperforming" stores closing by the end of the year. ... another 100 Macy's stores are expected to close, according to Retail Dive.