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Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
Family Video announced that it would close its remaining video rental store locations on January 5, 2021. [122] 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.
Gadzooks – Founded in 1983 as a T-shirt store, Gadzooks grew to a 250-store mall fashion retailer before making an ill-advised decision to discontinue menswear. The company was purchased by competitor Forever 21 out of bankruptcy in 2005, with its stores either closed or converted to F21 formats.
Family Dollar has announced 677 store closings this year. Walgreens is closing 259. Big Lots is closing 360. LL Flooring is shutting down entirely.
Admittedly, my Facebook vacation had been in the works for a while before I closed the tab on my laptop. After slogging through what felt like an onslaught of political memes and angry screeds, I ...
Back in February, American department store chain Macy's announced it would be closing 150 stores as it plans on shifting its priority toward the marketing of its luxury items. It plans to close ...
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
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