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Court filings from last month show 344 stores that Big Lots has chosen to close as part of its bankruptcy process. Initially, four states − Idaho, New Mexico, Oklahoma and Texas − were not slated...
Scores of much-loved businesses, from Red Lobster to Rite Aid, have filed for Chapter 11 bankruptcy protection and have closed sites across the country.
Updated on: May 13, 2024 / 1:33 PM EDT / CBS News. The retail industry is going through a tough time as it copes with inflation-weary consumers and a rash of bankruptcies, prompting chains to...
The reasons for this year's more than 4,600 store closures are varied, ranging from the bankruptcy of a major retail chain to some operators closing underperforming locations.
Macy's, an anchor of so many shopping malls, plans to close 150 department stores in a bid to reinvigorate sales and shift its public image more toward luxury goods.
Rite Aid is planning to close ten additional stores, adding to the number the company has closed since filing for Chapter 11 bankruptcy in October.
Rite Aid plans to close 154 drugstores, and at least 20 major retail chains, including its rival CVS, are shutting locations in 2023.
Macy's is closing more stores as part of the 2023 growth strategy and affected employees jobs could work at nearby locations or get severance packages
Rue21, a mall staple for teen apparel, is going out of business and closing all 540 of its stores within the coming weeks. The Pittsburgh-based company filed for bankruptcy Thursday for the...
Rite Aid has announced it will close at least 154 stores as part of its bankruptcy process. The chain had 2,253 stores as of Sept. 3, and the U.S. Bankruptcy Court in New Jersey also approved...