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Even before the coronavirus pandemic resulted in temporary store closures and corporate layoffs, Macy's, Inc., who also owns Bloomingdale's and Blue Mercury, announced its plans to permanently ...
Retail industry closures soared in 2024, with more than 7,100 stores shutting down through the end of November — a 69% jump from the same time last year, according to research firm CoreSight.
Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [39] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of ...
Macy's also confirmed on Jan. 9 that the retailer would be closing 66 stores as part of an ongoing reorganization strategy. Kohl's locations that have been affected by the nationwide closures include:
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.
As October draws to a close, so too will the doors of Stop & Shops stores in five states come November. The grocer first announced the closure of 32 "underperforming" stores in July, saying ...
Kohl’s is closing 27 stores across more than a dozen states as the struggling retailer looks to improve profitability. The closures, to be completed by April, are a small fraction of the chain ...