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The shares dropped another 1.33% in the after-hours session at $3.71.Photo Credit: Oxiq via Wikimedia.See more from Benzinga * Asian Stocks Hammered As Countries Face Economic Shutdown Due To ...
The company's stores were sold to a group of liquidators, and its CEO announced that all stores would close by the end of August 2016. [293] [294] Stein Mart filed for Chapter 11 bankruptcy in August 2020 with intent to close all of its locations due to the COVID-19 pandemic. [295] Sur La Table filed for Chapter 11 bankruptcy in July 2020. [22]
Two metro-east GameStop locations were among the many that reportedly closed nationwide. Stores at 1120 Collinsville Crossing Blvd. in Collinsville and 3022 IL-159 in Glen Carbon closed Saturday ...
All 60 Cath Kidston stores to close after collapse. [95] On April 30, Oasis and Warehouse permanently close all their stores and online shopping with the loss of more than 1,800 jobs. [96] Sharon White, John Lewis boss, hints that some of their shops may not re-open after the pandemic. [97] Debenhams files for administration [98]
A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few ...
IHL also reported that the number of chains adding stores in 2019 had increased 56%, while the number of closing stores decreased by 66% in the last year. [7] [21] As of May 2020, bankruptcies and store closings were expected to intensify due to widespread business closures and the resulting financial impact of the COVID-19 pandemic. J.
You'd think a chain like Best Buy would be immune to store closures given the number of consumers who prioritize spending on electronics. But Best Buy is making plans to close 10 to 15 stores in 2025.