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Many large brick-and-mortar retailers continue to shrink their physical footprint. For example, Macy's late last year announced the closure of 66 stores as part of its turnaround strategy.
Bed Bath & Beyond will get a brick-and-mortar renaissance of sorts after going out of business last year. ... The initiative is part of a $40 million effort to revive the struggling Container ...
Indeed, research and data firm Coresight Research recently counted 50 retail brick-and mortar bankruptcies in 2024, or roughly double the tally the previous year. What’s more, Coresight said ...
Since 2017, the phrase is frequently applied to brick-and-mortar closures in retail, with the retail apocalypse creating a domino effect on manufacturers and suppliers; Hasbro, for example, cited the loss of the Toys "R" Us chain as a major cause for lost revenue and layoffs the company imposed in October 2018. [20]
Pier 1 declared bankruptcy in 2020, right before the pandemic had fully taken hold, and the company hoped to find a buyer to breathe life into the struggling chain of home-goods stores.
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
All Motherhood Maternity and A Pea in the Pod locations were closed by the end of 2019, although A Pea in the Pod would eventually re-launch brick-and-mortar operations with concept stores in Chicago and New York. [114] [115] Dirt Cheap filed for bankruptcy on October 10, 2024 and announced that all of its discount stores would be liquidated. [116]
One brick-and-mortar staple stands out A small business may be best served by setting up near a grocery store — the clear mainstay in the shifting retail center landscape.