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Retail store closures in America just hit the highest level since the pandemic — and are expected to rise to about 15,000 in 2025. ... But Best Buy is making plans to close 10 to 15 stores in ...
The two companies both shared store closure announcements this week, with JCPenney expected to close a "handful" by mid-2025 and Joann to shutter roughly 500 locations. The retailers join other ...
Store closures expected to be even worse in 2025. U.S. store closures totaled 7,325 in 2024, according to data collected by Coresight Research, a research firm specializing in retail and ...
Victoria's Secret announced a closure of 333 stores: 30 in 2018, 53 in 2019, and 250 in 2020, up from the previous average of 15 per year. [332] These combined closures amount to about 29% of the brand's stores. The parent company divested itself of La Senza in January 2019, which was further affected [broken anchor] by the retail apocalypse. [333]
Sam Goody specialized in music, video, and video game sales. Between 2007 and 2008, Trans World converted most of the stores into FYE. As of February 2025, there is only one Sam Goody store left within the United States — in the Rogue Valley Mall in Medford, Oregon. It is expected to shut its doors at the end of February 2025. [1]
The other 65 locations were rebranded as Best Buy. [14] [15] Gamestop Canada: Gaming: 2020–2021: 2: Gymboree: kids' clothing: January 2019: 49 [16] hmv: music: 2017: 97: Debt and declining sales. Sunrise Records purchased 70 of the leases, reopening the stores under their own brand. [17] Holt Renfrew: department: August 2014: 3: Locations in ...
Why Is JCPenney Closing More Stores? JCPenney filed for bankruptcy back in 2020. Since then, about 240 of its stores have closed. Right now, there’s about 650 locations left in the U.S.
Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota.Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983.