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In July 2020, in the midst of the COVID-19 outbreak, Ascena Retail Group declared Chapter 11 bankruptcy, and stated that a 'significant number' of Justice stores would close permanently. Later on, it was announced that all remaining Justice stores were to be closed permanently by the end of 2020, and that Ascena Retail Group was exploring a ...
In 2009, Ascena Retail Group expanded into the girls' clothing market by purchasing Tween Brands, the owner of the Justice chain of 891 stores. [8] Justice, which is aimed at girls between ages 7 and 14, is the successor of Limited Too, originally launched in 1987 by The Limited. Limited Too changed its name to Tween Brands in 2008, and the ...
Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [39] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few ...
U.S. retailers have announced more than 7,100 store closures through the end of November 2024, a 69% jump from the same time last year, according to recent data from research firm CoreSight. That ...
The company plans to close 148 stores in 2025. But given its more than 13,000 store footprint, that leaves plenty of locations going strong — at least for now. 3.
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 craft store world got a little smaller in November 2019, when A.C. Moore's parent company announced it would close the chain's 145 stores, mainly found on the East Coast. Major competitor ...