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Gantos – a women's specialty clothing retailer based in Grand Rapids, Michigan. In late 1993, the company announced bankruptcy reorganization, closing 50 stores between 1993 and 1994, [58] and the chain announced the liquidation of its remaining 114 stores by the end of the decade, ceasing operations in 2000. [59]
On April 20, 2017, Business Insider reported that the company was "quietly closing" more stores than it had initially announced and compiled a list of ten additional Sears and Kmart locations that were closing. [268] On April 22, Sears also announced plans to close 50 of its auto centers and 92 pharmacies within Kmart locations. [269]
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 ...
The Charlotte-based department store’s CEO calls it a “pivotal milestone” for “sustainable, long-term growth and profitability.” In survival mode, Belk cuts debt by nearly $1 billion ...
The state of North Carolina leads in the number of Belk stores with 65 stores followed by Georgia and South Carolina with 45 and 35 stores respectively. [1] Its typical store covers 100,000 to 180,000 square feet. 50% of its stores are in regional malls, another 40% in open-air community or retail parks , and 10% in open-air lifestyle centers .
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 ...
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