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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.
More Big Lots to Close Their Doors Permanently. Earlier this year, the discount retail chain Big Lots filed for bankruptcy, announcing it would be closing hundreds of stores nationwide.
A projected 15,000 stores are expected to close between now and the end of December, and some of the retailers that are shutting down the most locations may surprise you. 10. Best Buy
Investment bank UBS projected that around 50,000 or so U.S. stores will close by 2027, reported Forbes. ... which is closing 13 stores. Here’s a list of Dirt Cheap closings by state as sourced ...
This section's factual accuracy may be compromised due to out-of-date information. The reason given is: Many emergency declarations have been lifted or expired, as have many stay-at-home and mask orders.. Please help update this article to reflect recent events or newly available information. (July 2021)
Macy’s, for example, is in the middle of closing about 150 of its namesake stores across the country by early 2027. The department store operator has been shuttering roughly 50 of those per year ...
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of ...
Retail industry closures soared in 2024, with more than 7,100 stores shutting down through the end of November — a 69% jump from the same time last year, according to research firm CoreSight.