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Town Shoes, owned by DSW, announced on August 29, 2018 that all of its stores in Canada would close. The stores shut down by early 2019. [290] Toys "R" Us filed for Chapter 11 bankruptcy in September 2017 with over $5 billion in debt. [291] [292] It announced that its Canadian subsidiary would seek bankruptcy protection in parallel proceedings ...
GEM – initially called Government Employees Mutual Stores, and later Government Employees Mart before settling on G. E. M. Membership Department Stores, a profit-making company that was aimed at the governmental employees market; first store was opened in Denver in 1956; [190] after several expansions, the company filed for bankruptcy in 1974 ...
The company’s stores are on average approximately 20,000 square feet, more than double the size of a typical dollar store chain. “It was like trying to run a McDonald’s on five times the ...
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 ...
Retailers are closing thousands of stores following years of declines in sales and customer traffic.
In 2023, the restaurant chain had around 300 restaurants. As of March 2024, it's down to a mere 27 stores, according to Restaurant Business. The closures were reportedly driven by landlord ...
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 ...
In July, Big Lots marked two Indiana stores for closure as part of its plan to shut down as many as 40 stores nationwide, Later, three more sites were listed as closing on the discount retailer's ...