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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 ...
On November 27, 2019, Toys "R" Us re-entered the American market with a retail store at Westfield Garden State Plaza in Paramus, New Jersey. On December 7, 2019, a second location was opened at The Galleria in Houston, Texas. Both stores were permanently closed in early 2021.
The craft store world got a little smaller in November 2019, when A.C. Moore's parent company announced it would close the chain's 145 stores, mainly found on the East Coast. Major competitor ...
Sbar's seven retail stores were absorbed into A. C. Moore. [4] On November 25, 2019, A.C. Moore announced that it would close all 145 of its locations (with some closing as early as December 15, 2019), and sell the leases for up to 40 locations, a distribution center, and unspecified intellectual property assets to the competing chain Michaels.
Malls, once the epicenter of Americans' suburban shopping sprees, continue to struggle. Even the flashy, much-hyped American Dream mall in New Jersey, which just opened in 2019, lost a whopping ...
Why Is JCPenney Closing More Stores? JCPenney filed for bankruptcy back in 2020. Since then, about 240 of its stores have closed. Right now, there’s about 650 locations left in the U.S.
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 ...
Big Lots is preparing to close all of its locations following months of store closures and a September filing for Chapter 11 bankruptcy protection.