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Yves Saint Laurent died of brain cancer in 2008. [19] The following few years proved to be tumultuous for the company, [12] with YSL stores closing in the key U.S. markets of San Francisco and New York (including the company's Madison Avenue location, its first-ever store in the United States).
An additional 9 stores were added to the closing list in April as well as 4 more locations in May. [232] In September 2023, Party City exited bankruptcy with a billion reduced in debt. [ 233 ] Over a year later, reports emerged that Party City was struggling to maintain operations and actively mulling over a second bankruptcy filing, [ 234 ...
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 ...
Kohl's Is Downsizing. Kohl's is set to close 27 underperforming stores across 15 states by April 2025, the chain announced in a recent press release. The closures represent about 3% of the ...
Macy’s is closing more than five dozen store locations across the United States as part of the company's ongoing reorganization strategy.. The retailer confirmed Jan. 9 that it was shuttering 66 ...
Kohl’s is closing 27 stores across more than a dozen states as the struggling retailer looks to improve profitability. The closures, to be completed by April, are a small fraction of the chain ...
Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada.
The group also controls a number of other retail formats, including the supermarket chain Supercor and hypermarket chain Hipercor. It currently employs 91,000 people and is the largest department store in Europe, with department stores all over mainland Spain, the Balearic Islands, the Canary Islands and Portugal.