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The economic effects of the COVID pandemic are continuing to wreak havoc on some of the biggest names in retail, and the latest one to suffer is American Eagle. According to CNBC, during a meeting ...
The company continued to open stores through the 1950s, including some in shopping centers. The company went public in 1968, took itself private in 1980, then went public again in 1987. Early in the 1990s, the business avoided bankruptcy by implementing a new discount pricing strategy and updating its inventory.
When leases were soon to be up on several S. S. Kresge stores the Jupiter format was put in place. All remaining Kresge and Jupiter stores were sold to McCrory in 1987 with the Canadian Kresge and Jupiter stores closing in 1994. Kobackers (Canton, Mansfield, Portsmouth), purchase by Davidson Bros., the parent of Federal's in 1961 [381] [382] [383]
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Family Video announced that it would close its remaining video rental store locations on January 5, 2021. [126] Forever 21 filed for Chapter 11 bankruptcy in late September 2019 due to the company's large amount of debt. It announced that it would close to close up to 178 of its 850 American stores and most of its stores in Europe and Asia.
Macy's plans to close 66 stores in 2025 and 150 locations in total by 2026. The department store chain will expand Bloomingdale’s and Bluemercury. Macy's Is Closing 66 Stores Soon — See If ...
9600 building closing, Women's Store move: As of 2023, Saks plans to close the 9600 Wilshire complex, which is made up of the 1938 3-story building, the 1939 5-story building including the 1940s additions to both, and the single-story 1990 building. The space will be converted to offices, apartments, and smaller retail stores.
Through July 14, all remaining Bob's locations will be offering liquidation-level discounts on the stores' trademark workwear, footwear, team wear and everyday family-oriented clothing.