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The COVID-19 pandemic exacerbated many issues affecting retailers, as many were forced to shut down due to non-pharmaceutical interventions that were issued in an effort to mitigate the pandemic. [35] At the same time, online shopping boomed during the coronavirus-related lockdown, even though it came back down starting in 2022. [36]
Bath & Body Works announced the closure of 50 US stores and one Canadian store, along with the opening of 26 new stores, in May 2020 due to sales slumping amidst the COVID-19 pandemic. [ 35 ] Barneys New York filed for bankruptcy on August 6, 2019. 15 of 22 stores closed, including Barneys flagship stores in Las Vegas, Chicago, and Seattle in ...
That experience may be coming to an end for some shoppers, though. In 2023, Foot Locker announced plans to close 400 mall locations by 2026, so it's fair to expect a substantial number of closures ...
Another day, another store announces that it’s closing more locations. Earlier this week, Joann Fabrics announced that it’s closing a whopping 500 locations, but now it’s JCPenney’s turn.
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 ...
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few ...
Soon after, NBC revealed that Superstore would conclude on March 25, 2021, with a one-hour series finale, and that Ferrera would return in the final episode. [31] [20] On the decision to bring Ferrera back to the series, Superstore creator Justin Spitzer told Deadline Hollywood that "It was the first question we asked ourselves. As soon as we ...
Kohl's has slashed about 10% of its corporate workforce.. The move comes weeks after the struggling retailer announced it would be closing 27 "underperforming" stores in 15 states by April. That ...