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Sam Ash Music, a musical instrument retailer, announced in March 2024 that it would close 18 of its stores. It later announced in May 2024 that it would close all 42 locations by the end of July 2024. Competition from online shopping was blamed as a reason for the closures. [264] Sam's Club, a subsidiary of Walmart, closed 63 stores in 2018.
U.S. retailers have announced more than 7,100 store closures through the end of November 2024, a 69% jump from the same time last year, according to recent data from research firm CoreSight.
Here’s the story of another struggling retailer. Express, which includes its namesake banner, Bonobos and UpWest, filed for Chapter 11 bankruptcy and announced plans to close dozens of shops.
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 ...
Gap. Gap and its other brands (Banana Republic, Old Navy and Athleta) have seen significant losses in recent years. In Q4 of 2022, the company's net loss was $273 million, up tremendously from a ...
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2024" The following 170 pages are in this category, out of 170 total. This list may not reflect recent changes .
Apple’s 2024 has been rough so far. But despite the company’s headwinds ranging from antitrust suits to slowing iPhone sales, there’s one big bright spot for Apple: its Services business ...
The workers filed a petition with the NLRB on May 4, 2022, [94] and voted 65–33 to join the union on June 18, 2022, becoming the first unionized Apple store in the nation. [95] A majority of the 85-employee bargaining unit approved the first collective agreement at any Apple store on August 6, 2024. The agreement would include a 10% salary ...