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Soft Surroundings filed for Chapter 11 bankruptcy on September 11, 2023, announcing plans to close all 44 of its stores and sell its online and catalog business to Coldwater Creek. [261] Southeastern Grocers, owner of BI-LO, Harveys, Winn-Dixie, and Fresco y Más, filed for Chapter 11 bankruptcy on March 15, 2018. It closed down 94 out of 528 ...
That represents a 24 percent increase in store closures over the same period in 2023, ... The clothing retailer announced it would close all of its 540-plus stores, according to a court filing. ...
The announcement of nearly 1,000 store closures came after a disappointing 2023. ... after the markdown merchants announced Wednesday that nearly 1,000 stores would be closing after a ...
Retail stores open on the 4th of July. Academy Sports + Outdoors: Stores are open during normal business hours from 9 a.m. to 9 p.m. Find local hours here. Ace Hardware: Stores are independently ...
On February 7, 2023, Hudson Bay Capital Management and several other investors arranged a public stock offering to raise over $1 billion to help the company avoid bankruptcy. [63] [64] [65] On February 10, 2023, it was revealed the company would shutter its Canadian division, closing all 54 Bed Bath & Beyond and 11 Buy Buy Baby stores in Canada.
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic. [2][3] In 2017 alone, more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the face of rising ...
Like Walmart, Walgreens is also closing stores, but not 900 of them. In summer 2023, the company said it would close 450 outlets, but only 150 are located in the U.S. At the time of the ...
On January 4, 2023, it was announced that Macy's would be closed as part of a plan to close 4 stores nationwide, all inside underperforming indoor shopping malls. This left the mall with no anchors left, which basically turned it into a dead mall. The store closed on March 18, 2023 via liquidation sales that started on January 9, 2023.