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This ubiquitous electronics retailer said it was filing bankruptcy and closing 88 of its 220 stores in March 2017. One month later, after failing to find a buyer, the company moved to close all ...
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 ...
Family Dollar has announced 677 store closings this year. Walgreens is closing 259. Big Lots is closing 360. LL Flooring is shutting down entirely.
An additional 9 stores were added to the closing list in April as well as 4 more locations in May. [236] In September 2023, Party City exited bankruptcy with a billion reduced in debt. [ 237 ] Over a year later, reports emerged that Party City was struggling to maintain operations and actively mulling over a second bankruptcy filing, [ 238 ...
In January, Macy's named 66 of the 150 "unproductive" stores it plans on closing by 2026. The timeline on the closures is unclear, but clearance sales began last month and were expected to last 8 ...
Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts.. The first tranche of stores to be ...