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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.
The company reported net income of $22 million, down from $59 million for the same period in 2023. Kohl's shares have fallen more than 50% of the last 12 months.
You'd think a chain like Best Buy would be immune to store closures given the number of consumers who prioritize spending on electronics. But Best Buy is making plans to close 10 to 15 stores in 2025.
Investment bank UBS projected that around 50,000 or so U.S. stores will close by 2027, reported Forbes. ... which is closing 13 stores. Here’s a list of Dirt Cheap closings by state as sourced ...
Macy’s is closing more than five dozen store locations across the United States as part of the company's ongoing reorganization strategy.. The retailer confirmed Jan. 9 that it was shuttering 66 ...
Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy
Through July 14, all remaining Bob's locations will be offering liquidation-level discounts on the stores' trademark workwear, footwear, team wear and everyday family-oriented clothing.
99 Cents Only Stores is closing all of its 371 locations across the US as the company begins to wind down its business operations. The budget retailer announced the closures on Thursday, with ...