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All 60 Cath Kidston stores to close after collapse. [95] On April 30, Oasis and Warehouse permanently close all their stores and online shopping with the loss of more than 1,800 jobs. [96] Sharon White, John Lewis boss, hints that some of their shops may not re-open after the pandemic. [97] Debenhams files for administration [98]
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.
Many closures in the apparel and accessories retail sector were driven by a wave of bankruptcies, like New York & Co., which closed 17 stores, and Modell’s, which closed 43. Retail Storefronts ...
All 13 locations closed permanently in late 2020, with company officials attributing the decision to rising food and operational costs even once restaurants had reopened from their initial COVID ...
By late July, nearly 16,000 restaurants had permanently closed. [1] Restaurant closures started March 15 when Ohio Governor Mike DeWine ordered all bars and restaurants in the state to close their dining rooms and bars; within a week most other states followed suit. By March 23, industry experts were estimating nearly half of the industry's 15 ...
In mid–July 2022, Domino's Pizza's Italian franchise EPizza SpA closed down all 29 of its stores. The company had declared bankruptcy in April 2022 after two years of declining sales caused by lockdown restrictions and competition from local pizza chains and restaurants, which began using food delivery apps in response to the COVID-19 ...
A permanently closed mom and pop health food store in Port Charlotte, Florida. The phrase "retail apocalypse" first appeared in print in an early 1990s essay by Peter Glen, author of It's Not My Department! [14] Media appropriated the term to refer to multiple brick-and-mortar store closures resulting from shifts in consumer spending. [6]
Thousands of retail businesses have closed in New York and California, with even those still operating closing scores of locations.