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7-Eleven closed 444 stores in 2024, indicating that the decline in business was due to slower foot traffic as consumers skipped on discretionary purchases. [3]99 Cents Only Stores announced on April 4, 2024 that its 371 locations in the Western United States would begin to close.
The grocer, bought by a Thai company in 2014, closed its last remaining store in October 2019 and reported that it had one remaining employee and more than a half-million dollars in liabilities ...
Kohl’s is slated to close more than two dozen store locations across the United States. On Jan. 9, the retailer announced a series of “real estate changes” for the new year, including the ...
Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on costs by closing locations. Here are some of the most notable bankruptcies of 2024 ...
The COVID-19 pandemic exacerbated many issues affecting retailers, as many were forced to shut down due to non-pharmaceutical interventions that were issued in an effort to mitigate the pandemic. [35] At the same time, online shopping boomed during the coronavirus-related lockdown, even though it came back down starting in 2022. [36]
On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores. At the time of the announcement, Modell's was the world's oldest sporting goods chain Olympia Sports – the company was founded in 1975, and on July 22, 2022, the company filed for bankruptcy and announced it would close all 35 stores by September ...
The company also revealed plans at the time to build 15 new Bloomingdale’s stores and at least 30 new Bluemercury stores, along with about 30 Bluemercury remodels, within three years' time.
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...