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In May 1985, Service Merchandise acquired the H. J. Wilson Co. for approximately $200 million. Raymond Zimmerman, the CEO, was attracted to Wilson's stores to gain a stronger foothold in the Sun Belt states. [3] [4] Several of these Wilson's locations included an off-priced apparel department of about 15,000 square feet (1,400 m 2).
GNC closed over 900 stores in 2019, including between 300 and 400 of the chain's 800 shopping mall locations, which have been particularly hard-hit by declining foot traffic at malls overall. [ 140 ] Godiva Chocolatier closed all of its North American retail locations in 2021 after the chocolate company faced a decrease in sales and foot traffic.
Both stores were permanently closed in early 2021. A new stand alone location was later opened in the American Dream Mall in New Jersey. On August 19, 2021, Macy's bought Toys "R" Us and announced they will be opening store-within-a-store locations in 400 Macy's locations. Warner Bros. Studio Store – stores closed in 2001 [71] [187]
The chain operated over 2,000 stores worldwide. Stores included lunch counters and fountain service as well as full department stores. It also operated Jupiter stores which were a smaller-scale version of Kresge's and located in downmarket or declining commercial districts (the equivalent of a "dollar store" division of Kresge's). Jupiter ...
Burlington Coat Factory then expanded into the former Service Merchandise space. The Montgomery Ward anchor store closed in March 2001 when the entire chain filed for bankruptcy. [ 1 ] Century Mall and the surrounding land were purchased by Tri-Land Properties in February 2001 with the intent to convert the space to a power center .
Sales at brick-and-mortar stores on Friday grew just 0.7% year over year, according to preliminary estimates by payments processor Mastercard. Meanwhile, data firm Facteus said sales were actually ...
Service Merchandise closed in 1999 and reopened as Rush Fitness, later becoming Gold's Gym. [4] In 2005, Belk acquired Profiits, resulting in the store becoming Belk. On May 29, 2008, Dillard's, facing declining sales, announced closure, effective September 2008. [5]
Ulta already has seen traction in its mini "shop-in-shops" in Target locations. ... and the shift to online shopping. With declining store traffic, there’s less of a need for a 200,000-square ...