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In-N-Out Burger is closing one of its stores for the first time in its 75-year history. The Oakland, California, location will close due to crime issues.
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 ...
The former Sears store at the mall in 2023. On May 31, 2018, it was announced that Sears would be closing as part of a plan to close 72 stores nationwide. The store closed in September 2018. [9] On December 1, 2019, Forever 21 announced it would close the Puente Hills Mall store along with 21 other locations in California, and 90 stores ...
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. [39] 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 ...
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 ...
Target is closing 9 stores in 4 states (all blue). Walgreens is closing 900 stores (mostly blue),” the post reads. All three retail chains have closed, or plan to close, multiple store locations.
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 ...
Many other retailers have blamed crime for closing stores. “When you have so many retailers all pointing to store theft and all saying the same thing, then it seems to a trend taking hold ...