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On July 4, 2023, Christmas Tree Shops announced that it had run out of the funds needed to sustain business operations, opting to instead liquidate all 70 of its remaining stores. [89] Christopher & Banks filed for bankruptcy on January 14, 2021, and announced it would be closing all of its 449 stores in 44 states. [90] [21]
A post made on X claims retail corporation Target will close store locations in red states and open more stores in blue states. Verdict: False There is no evidence to show Target is closing stores ...
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 ...
The reduction will result in closing roughly 500 corporate-owned stores plus about 200 independently operated locations. The company did not immediately provide a full list of locations set to close.
The Pennsylvania-based drugstore chain Rite Aid announced on Sunday that it intends to close 154 of its stores as part of its recent bankruptcy filing and will be shuttering more throughout the ...
Christmas Tree Shops (also known as Christmas Tree Shops andThat!, or simply andThat!) was an American chain of big-box specialty retail stores, headquartered in Middleborough, Massachusetts. At its peak, the chain operated 72 stores in 20 U.S. states, primarily in the Northeast. [2] The company filed for bankruptcy in 2023 and closed all of ...
The US retail vacancy rate is at 4.1%, the lowest rate in decades. Years of little construction, as well as higher borrowing, labor and construction costs have restricted supply.
Lakeforest Mall, formally the Lakeforest Regional Mall, also known as Lakeforest, is an abandoned enclosed shopping mall located in Gaithersburg, Maryland. The property is currently owned by WRS Inc. Real Estate Investments who is planning to redevelop the site. The mall closed to the public on March 31, 2023.