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This isn't the first time Macy's has announced unfortunate news about store closings in recent years. The department store chain has closed roughly 300 stores since 2015, including closing 45 Macy ...
At the beginning of April, Cracker Barrel closed four restaurants located in Sacramento, Calif.; Santa Maria, Calif.; Medford, Ore.; and Columbia, S.C. The Oregon location was the last remaining ...
Walgreens is closing up to a quarter of its 8,600 stores within the United States. Walgreens CEO Tim Wentworth recently explained to the Wall Street Journal on June 27 that the closures would ...
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic. [2] [3] In 2017 alone, more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the face of rising ...
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. [36] 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 ...
The retailer said the closures would begin in 2024, with 50 "underperforming" stores closing by the end of the year. Over the next few years, another 100 Macy's stores are expected to close ...
9600 building closing, Women's Store move: As of 2023, Saks plans to close the 9600 Wilshire complex, which is made up of the 1938 3-story building, the 1939 5-story building including the 1940s additions to both, and the single-story 1990 building. The space will be converted to offices, apartments, and smaller retail stores.
October 19, 2023 at 11:50 AM. 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 ...