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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
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few ...
Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy
Kohl's is closing 27 underperforming stores around the U.S. as ailing big-box retailers continue shrinking their footprint.
Why Is JCPenney Closing More Stores? JCPenney filed for bankruptcy back in 2020. Since then, about 240 of its stores have closed. Right now, there’s about 650 locations left in the U.S.
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 ...
J. Crew closed 61 stores in 2017 and sporadically closed additional individual stores in the first quarter of 2018. [173] On May 4, 2020, J. Crew announced its filing for Chapter 11 bankruptcy. [174] Kenneth Cole Productions shut down its 63 outlet stores in 2016 to focus its efforts on its e-commerce site. [175]
Here are the stores slated to close. ... Catalyst Brands is expected to open 1,800 store locations and hire ... When are the JCPenney locations closing? The eight stores will close by mid-2025, a ...