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Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 [2] [3] and accelerating due to the mandatory closures during the COVID-19 pandemic. In 2017 alone, more than 12,000 physical stores closed.
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. [139] Godiva Chocolatier closed all of its North American retail locations in 2021 after the chocolate company faced a decrease in sales and foot traffic ...
H. H. Gregg, Inc. Went bankrupt and closed in 2017; relaunched as an online retailer in 2017 and opened its first brick and mortar store in 2019 following bankruptcy. HiFi Buys; Highland Superstores – liquidated in 1993 [91] [92] [93] Incredible Universe – closed in 1997; six stores acquired by Fry's Electronics and the rest shut down
The closures will give the owners of healthier malls a chance to breathe new life and relevance into a shopping center. In those malls, which tend to have better locations and owners with stronger ...
After the closures, Stop & Shop will still operate 81 stores in Connecticut, 115 in Massachusetts, 47 in New Jersey, 91 in New York and 25 in Rhode Island, employing over 50,000 associates.
No shopping on turkey day? Simon Properties, the nation's largest retailer, has announced that many of its malls will now be closed on Thanksgiving, and other local malls and retailers will do the ...
After 60 years in business, Northgate Mall in Durham, North Carolina closed on May 4, the first shopping mall in the United States to directly attribute the pandemic as the reason for the closure. [32] [33] On May 5, Nordstrom announced its intentions to close 16 locations. [34] The company announced sales were down 40% due to the pandemic on ...
Mall of America, the largest shopping mall in North America. Apache Mall – Rochester ... Cottonwood Mall – Holladay (1962–2007, Macy's closed in 2017)