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Party City closed 45 of its 870 stores in 2019, up from its usual 10 to 15 closures each year. [228] On January 18, 2023, Party City filed for Chapter 11 bankruptcy, [229] and a month afterward, announced the closure of 22 stores. An additional 9 stores were added to the closing list in April as well as 4 more locations in May. [230]
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 ...
The store closed in October 2019. [5] On June 4, 2020, JCPenney announced that this location would close as part of a plan to close 154 stores nationwide, leaving Belk and Bealls as the only anchor stores in the mall. There is also a Planet Fitness and a smoothie vendor. [6] During the COVID-19 pandemic, the former JCPenney location became a ...
More store closings have been announced for JCPenney, including a Mississippi and Texas store. The department store chain has closed 174 stores. JCPenney closing more stores after bankruptcy.
Construction concluded in May 2000 with the opening of JCPenney and 48 new stores; a grand reopening was held to commemorate this. The expansion of the mall cost $125 million. The number of stores in the Exton Square Mall increased from 95 to 150 and retail space expanded from 435,000 square feet (40,413 m 2) to 980,000 square feet (91,045 m 2 ...
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On June 4, 2020, JCPenney announced that this location would close as part of a plan to close 154 stores nationwide. [12] This left Dillard's as the only anchor. On February 22, 2023, it was announced that Dillard’s Clearance Center would be closing by March 31 as part of a plan to close 3 stores nationwide. This leaves the mall without any ...