US retailers have shut 7,300 stores so far this year, up nearly 60% from 2023
3 weeks, 2 days ago

US retailers have shut 7,300 stores so far this year, up nearly 60% from 2023

Daily Mail  

US retailers have closed 7,308 stores so far this year in what has been dubbed a 'retail bloodbath.' In the week ending December 13 129 stores were closed across the country, including 41 Family Dollar locations, 20 Dollar Generals and eight Dollar Trees. Family Dollar, which operates under the Dollar Tree brand, has closed the most stores in the last couple of years, shuttering 718 locations since the start of 2023. 'We continue to evaluate store closings in light of lease renegotiations and other considerations, and remain committed to keeping our customers informed as we move forward,' Big Lots said in a statement last month. US retailers have closed 7,308 stores so far this year Big Lots, which filed for bankruptcy in September, has closed 349 since the start of 2023 The Chapter 11 filing from Big Lots is the latest from big American retailers and restaurant chains, with the highest profile until now being Red Lobster.

Retailers Dollar Saunders Closed Lots Big Lots Family Dollar Stores Retail Close Store Us Retailers  bankruptcy  60  stores  retail  closed  retailers  dollar  close  store  7300  lots  2023  shut  far  filed  nearly

History of this topic

Why it seems like all of America’s chains are closing
1 week ago

Why it seems like all of America’s chains are closing

CNN  

New York CNN — The retail store apocalypse stormed back in 2024. Bigger chains can buy larger quantities of goods at a steeper discount than smaller players, and they can put vast sums of money into technology and store improvements that even medium-sized retailers can’t afford. Brutal year for the middle The rise in store closures this year harkens back …

Big Lots reaches deal to keep hundreds of its stores open amid bankruptcy
1 week, 1 day ago

Big Lots reaches deal to keep hundreds of its stores open amid bankruptcy

Hindustan Times  

Big Lots has reached a deal to keep hundreds of its stores open amid its bankruptcy process. FILE - A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt. Big Lots reaches deal to save hundreds of stores amid bankruptcy Friday's transaction with the Boston-based asset liquidation firm would result in the transfer of 200 to …

Big Lots Strikes Deal to Save Stores, Stop Brand From Closing
1 week, 5 days ago

Big Lots Strikes Deal to Save Stores, Stop Brand From Closing

Live Mint  

-- Bankrupt Big Lots Inc. has struck a deal to save hundreds of stores after an earlier sale of the business fell apart, saving the chain from closing down entirely. The company said Friday it has agreed to a transaction with Gordon Brothers Retail Partners LLC that will facilitate the transfer of Big Lots’ brand, stores and distribution centers to …

Is Big Lots closing? Company announces 'going out of business' sales at all stores
2 weeks, 5 days ago

Is Big Lots closing? Company announces 'going out of business' sales at all stores

Hindustan Times  

Big Lots is out of business. FILE - A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt. Big Lots announces ‘going out of business’ sales “The Company is preparing to commence going out of business sales at all remaining Big Lots store locations in the coming days to protect the value of its estate,” Big …

Big Lots conducts going-out-of-business sales after sale of company falls through
2 weeks, 5 days ago

Big Lots conducts going-out-of-business sales after sale of company falls through

Associated Press  

NEW YORK — Discount chain Big Lots is conducting going-out-of-business sales at its remaining locations after a sale of the company didn’t materialize. The Columbus, Ohio-based retailer, which sells furniture, home decor and other items, filed for Chapter 11 bankruptcy protection in early September and said private equity firm Nexus Capital Management LP had agreed to acquire “substantially all of …

See the full list of Big Lots stores as discount retailer reveals closures and 'going out of business' sales
2 weeks, 5 days ago

See the full list of Big Lots stores as discount retailer reveals closures and 'going out of business' sales

Daily Mail  

Big Lot has announced a full list of all its stores which are set to close down. More than 400 Big Lots stores have already closed this year, marking a 30 percent decrease in its footprint. Big Lots full list of store closures Alabama - 23 stores Arizona - nine stores Arkansas - nine stores California - 22 stores Colorado …

Big Lots says it is having going-out-of-business sales as it seeks a new buyer
2 weeks, 6 days ago

Big Lots says it is having going-out-of-business sales as it seeks a new buyer

NPR  

Big Lots says it is having going-out-of-business sales as it seeks a new buyer toggle caption Toby Talbot/AP National retailer Big Lots says it will begin holding going-out-of-business sales at its remaining stores because it still has not found a buyer to boost it from bankruptcy. Sponsor Message Big Lots said its goal is to complete a transaction by early …

Big Lots sale to Nexus falls apart, raising likelihood business will close
3 weeks ago

Big Lots sale to Nexus falls apart, raising likelihood business will close

LA Times  

Bankrupt retailer Big Lots Inc. no longer anticipates it can complete its asset sale to private equity firm Nexus Capital Management and will beginning selling its stores in coming days to protect the value of its real estate. “We all have worked extremely hard and have taken every step to complete a going concern sale,” said Bruce Thorn, Big Lots’ …

Major US car part company announces closure of more than 700 stores
1 month, 3 weeks ago

Major US car part company announces closure of more than 700 stores

Daily Mail  

A major car parts company has announced the closure of more than 700 of its locations across the country. Advance Auto revealed on Thursday that it is shuttering more than 500 of its stores, four distribution centers, and 200 independent locations by the middle of next year. Earlier this month, the company closed a $1.5 billion sale of Worldpac, its …

End of an era for California cool as iconic retailer files for bankruptcy
2 months, 1 week ago

End of an era for California cool as iconic retailer files for bankruptcy

Daily Mail  

A retailer once hailed as the epitome of California cool has filed for bankruptcy, becoming the latest casualty of the so-called 'retail apocalypse' gripping the US. It was beloved by young Americans for its bright colored clothes and cutting-edge commercials, including one featuring a teenage Gwyneth Paltrow in 1991. The brand was beloved by young Americans for its bright colored …

Beloved retailer is closing all its physical stores - again
2 months, 2 weeks ago

Beloved retailer is closing all its physical stores - again

Daily Mail  

A beloved retailer is closing all its physical stores nationwide less than a year after trying to reopen some locations. BuyBuy Baby announced on Monday that it would be shuttering its ten remaining stores by the end of the year. The New Jersey-based baby products company announced that it would reopen a limited number of locations with a view to …

Discount retailer is shutting 500 of its 1,400 stores: Here's the full list
2 months, 3 weeks ago

Discount retailer is shutting 500 of its 1,400 stores: Here's the full list

Daily Mail  

Big Lots has announced details of another 208 stores it plans to shut as it battles bankruptcy. Big Lots store in Dennis Port, Massachusetts, on Cape Cod, is shutting soon, and has up to 50 percent off in its clearance sale Retail experts say Big Lots main problem is that it markets itself as a place for bargains, but it …

Big Lots files for bankruptcy amid significant store closures
4 months ago

Big Lots files for bankruptcy amid significant store closures

LA Times  

After announcing the closure of more than 50 stores in California, the discount retailer Big Lots has filed for Chapter 11 bankruptcy and will be purchased by a private equity firm. “Though the majority of our store locations are profitable, we intend to move forward with a more focused footprint,” Big Lots President and Chief Executive Bruce Thorn said in …

Major US discount retailer to close as many as 315 stores as retail apocalypse gathers pace
5 months ago

Major US discount retailer to close as many as 315 stores as retail apocalypse gathers pace

Daily Mail  

Big Lots is closing up to 315 stores across multiple states as it suffers from growing financial woes. Big Lots is the latest to shutter stores this year, with the US on course to lose nearly 8,000 physical locations by the end of 2024. The discount homeware chain has identified scores of locations across several states which are due to …

Major national department store abruptly shuts four stores
5 months ago

Major national department store abruptly shuts four stores

Daily Mail  

One of America's biggest department stores is shutting four locations. Earlier this year, Macy's said it would close 150 stores in the next three years, leaving it with 150. Last month, Simon Property Group CEO David Simon said it was not planning vast closures - and that it might open some. 'We continue to work to make every dollar count …

More than 50 Big Lots stores to close in California
5 months, 1 week ago

More than 50 Big Lots stores to close in California

LA Times  

Big Lots, the discount retail chain known for carrying a wide assortment of goods, is closing more than 50 stores in California. Big Lots, the discount retail chain known for carrying a wide assortment of goods, is closing more than 50 stores in California amid flagging sales that have thrown the chain’s future into question. “We missed our sales goals …

Big Lots is set to close up to 40 stores as future of retailer is in doubt
5 months, 2 weeks ago

Big Lots is set to close up to 40 stores as future of retailer is in doubt

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Discount retailer Big Lots …

Store closures are rocking the US market. Here’s the restaurants and retailers shutting their doors
6 months, 4 weeks ago

Store closures are rocking the US market. Here’s the restaurants and retailers shutting their doors

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery A customer walks into …

True scale of US retail bloodbath revealed: How a 5,500 shops have closed in just one year... and even big names Walmart, Bed Bath & Beyond and Nike have suffered
8 months, 3 weeks ago

True scale of US retail bloodbath revealed: How a 5,500 shops have closed in just one year... and even big names Walmart, Bed Bath & Beyond and Nike have suffered

Daily Mail  

US retailers shut a total of almost 5,500 stores in 2023 - with major corporations like Bed Bath & Beyond, Walgreens and Rite Aid leading the pack. Total closures were 5,463 in 2023, a 30 percent increase on 2022 Bed Bath & Beyond reported it would shut 866 stores, far more than any other retailer Many retailers, like Walgreens, pointed …

CVS says it will close NINE HUNDRED stores by the end of 2024 - 10% of all its shops - as it moves to online strategy amid rampant increase in shoplifting
1 year, 3 months ago

CVS says it will close NINE HUNDRED stores by the end of 2024 - 10% of all its shops - as it moves to online strategy amid rampant increase in shoplifting

Daily Mail  

Rival Walgreens also plans to shut 150 stores as part of a modernization drive CVS is set to close hundreds of stores across the country as it undergoes a complete retail overhaul – as more outlets move towards online sellers amid rampant increases in crime. The chain's stock price rose after the 2021 announcement stores would be closed as part …

The US stores that closed their doors due to rampant theft
1 year, 8 months ago

The US stores that closed their doors due to rampant theft

Daily Mail  

Major retailers in the US have been forced to shut down stores due to millions of dollars in losses as rampant theft plagues big box stores across the country. Major retailers in the US have been forced to shut down stores due to millions of dollars in losses as rampant theft plagues big box stores across the country Walmart Walmart …

Thousands of retailers risk bankruptcy, burdened with debt
2 years, 8 months ago

Thousands of retailers risk bankruptcy, burdened with debt

NL Times  

Thousands of retailers could close or go bankrupt in the coming months due to high debts, Nu.nl reports. Jan Meerman, who is general director of trade association INretail for the fashion, sports and shoe industry, told Nu.nl that around 20 percent of members have "serious problems." The Chamber of Commerce also forecasted a number of companies would close or file …

Big chains filed for bankruptcy and closed stores every week in July
4 years, 5 months ago

Big chains filed for bankruptcy and closed stores every week in July

CNN  

New York CNN Business — Coronavirus, massive amounts of debt and a shift in shopping habits created a lethal cocktail of bankruptcies and store closures in July. Justin Sullivan/Getty Images The once-trendy denim company filed for bankruptcy on July 3, explaining in a press release that the pandemic has “severely impacted sales across all channels.” Lucky Brand will immediately close …

Apple re-closes some stores, raising economic concerns
4 years, 6 months ago

Apple re-closes some stores, raising economic concerns

Associated Press  

Apple’s Friday decision to close stores in four states with surging coronavirus cases highlights a question that other businesses may soon face: Stay open or prepare for more shutdowns? It’s not clear whether other retailers will follow en masse, although one analyst expects hard-hit stores to stay open unless forced to close by local authorities. Because U.S. efforts to contain …

J.C. Penney post-bankruptcy plan includes closing 29% of stores
4 years, 7 months ago

J.C. Penney post-bankruptcy plan includes closing 29% of stores

LA Times  

J.C. Penney Co., the department-store chain that filed for Chapter 11 bankruptcy on Friday, is set to close about 29% of its stores. J.C. Penney Co., the department-store chain that filed for Chapter 11 bankruptcy on Friday, says it will close about 29% of its stores. The remaining stores, which made up 82% of net fiscal 2019 sales, “represent the …

Some retailers too broke to go bankrupt
4 years, 8 months ago

Some retailers too broke to go bankrupt

CNN  

New York CNN Business — Everything must go! Store-closing sales are crucial to the nation’s retail economy: They help liquidate slow-to-sell inventory, and in many cases, they fund a company’s operations through bankruptcy. But they also say many retailers are likely holding off filing until they are able to make plans for the stores they need to close during bankruptcy. …

More than 9,300 stores closed in 2019
5 years ago

More than 9,300 stores closed in 2019

CNN  

New York CNN Business — 2019 was another bruising year for many American retailers, despite healthy consumers and a strong economy. Other retailers, such as Ann Taylor parent Ascena Retail, Family Dollar, GNC, Walgreens, Signet Jewelers, Victoria’s Secret and JCPenney, slashed their store footprints to save money and prop up higher-performing stores. Thousands more store closings could be on the …

Discover Related