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The Big Lots store on Blackstone Avenue in north Fresno photographed on Wednesday, July 17, 2024. The discount retailer plans to shut down 35 to 40 stores this year to deal with its worsening ...
Over time, the store begins to underperform on sales and the retailer then has to look to other stores in its fleet to offset the losses due to theft, or close the store, he said. Retailers look ...
How many Big Lots stores are closing? Big Lots announced that 315 stores would close in a filing with the U.S. Securities and Exchange Commission in August, according to USA TODAY . So far, only ...
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 ...
Target’s decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations, is the latest signal that retailers may be struggling in their battle to ...
A slew of stores from East Coast grocery chain, Stop & Shop, are closing. On July 12, the grocer announced it will close 32 underperforming stores by the end of 2024. The chain is making the move ...
Liquidation sales began on May 22, and the stores closed by July 31. [164] Another 8 stores and a distribution center closed in 2018 while over 50 additional stores were expected to close between mid-2019 and late 2020. [165] [166] JCPenney filed for bankruptcy on May 15, 2020, and announced plans to close at least 242 stores. [167]
Store-closing sales at the affected stores began April 23. Macy’s announced in February that it would close about “ 150 unproductive locations , including approximately 50 by the end of the ...