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In November 2018, Lowe's announced that it intended to close 51 stores in North America as part of a plan to improve profitability. [189] Lucky's Market closed all but seven of its stores by February 12, 2020. [190] Lumber Liquidators, previously LL Flooring, announced on August 12, 2024 that it intended to close 94 stores. Weeks later, 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 ...
Rubio's / FacebookA popular Mexican chain made major headlines in May when it abruptly closed 48 underperforming restaurants. The chain's financial struggles have now come to a head as it resorts ...
The chain saw its sales begin to decline in 2017, filed for Chapter 11 bankruptcy in 2020, and has been closing restaurants ever since, Restaurant Business Magazine reported. Rubio's is now down ...
Chuy's / FacebookTex-Mex lovers have one less spot to grab burritos and queso after a popular Mexican chain abruptly closed one of its restaurants, continuing a streak of closures that began ...
Casa Ley is a Mexican grocery store chain based in Culiacán founded in 1954 by Juan Ley Fong. Most of its stores are located in western Mexico, in the states of Baja California, Sonora, Sinaloa, Nayarit, Jalisco, Colima, Coahuila, Durango, Guanajuato, and Baja California Sur. It is Mexico's largest privately held supermarket chain.
Soriana 1920s logo. The very first Soriana store. The Soriana company has its origins in 1905, the year in which Don Pascual Borque (from Soria, Spain) founded a fabric business and perfumery under the name 'LA SORIANA' in Torreón, Coahuila, later incorporating in 1920, a wholesale merchandise offer, which with this became a benchmark in terms of purchases and consumption in Torreón.
Last week, Party City announced it filed for bankruptcy protection and would close all of its more than 800 stores. Retail chains have cited high inflation and interest rates for struggling sales.