Search results
Results from the WOW.Com Content Network
MC Sports closed all stores in 2017 as a result of bankruptcy. [204] Michael Kors announced in 2017 that it would close 100 to 125 of its standalone stores over the next two years. [205] Microsoft announced on June 26, 2020 that the company would permanently close all but four of its 83 physical retail stores and focus on their e-commerce ...
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 ...
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]
Convenience stores like 7-Eleven are shutting down, too. Blame it on what people are calling the "retail apocalypse." COVID-19 may have kick-started it, but this isn't just a pandemic problem.
Other competitors, like CVS Pharmacy, have also felt the pinch of declining profits, and even with nearly 400 CVS locations across Ohio, the retailer has closed at least 900 stores over the past ...
Century 21. Iconic New York-area discounter Century 21 filed for Chapter 11 in September 2020 and closed all of its 13 stores, blaming the collapse on insurers' refusal to pay for "losses it has ...
Encore Books – permanently closed in 1999; Family Christian Stores – filed for bankruptcy in April 2015, forced to liquidate all stores in 2017; Harmony House – Michigan; Hastings Entertainment – filed for bankruptcy in June 2016. Remaining stores closed October 31, 2016 [132] Hollywood Video – ceased operations in May 2010 [133]
But like most record stores that have closed in the last 20 years, the Minneapolis-based retailer couldn't survive the turn to digital music in the 2000s. ... but it's thought to have been due to ...