Search results
Results from the WOW.Com Content Network
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of ...
Bath & Body Works announced the closure of 50 US stores and one Canadian store, along with the opening of 26 new stores, in May 2020 due to sales slumping amidst the COVID-19 pandemic. [ 35 ] Barneys New York filed for bankruptcy on August 6, 2019. 15 of 22 stores closed, including Barneys flagship stores in Las Vegas, Chicago, and Seattle in ...
A "handful" of JCPenney locations are soon to be closing, a company spokesperson said, adding to the retailer's long list of shuttered stores since it filed for bankruptcy in 2020.. The ...
Store closures in the U.S. last year hit the highest level since the pandemic — and even ... The retail advisory firm projects that retailers will close about 15,000 stores this year as some ...
It is unclear how many jobs will be lost, and a timeline for the store closures has not yet been given by the retailer. Founded in 1982, 99 Cents Only Stores operates in four states: California ...
A total of 36.5 million filed for unemployment insurance from March 21 to May 9. [19] The Congressional Budget Office estimated that costs for unemployment insurance claims were $49 billion in April 2020, versus $3 billion in April 2019. An estimated $27 billion of the increase was due to the $600/week increase in unemployment benefits due to ...
JCPenney announced plans to close more than 200 locations across the country after the retailer filed for Chapter 11 bankruptcy protection in May 2020. The chain was later acquired by Simon ...
Joann, the bankruptcy fabrics and crafts retailer, is closing about 60% of its 800 stores in the coming months as part of its Chapter 11 process. Joann, the bankrupt fabrics retailer, is closing ...