3,500 US stores set to close across country in two months
8 years ago

3,500 US stores set to close across country in two months

Daily Mail  

Thousands of US retail stores are set to close across the country in the next two months. Chains like Abercrombie & Fitch, American Apparel and Guess are shutting down branches, as well as major department stores like Macy's, JCPenney, Sears, and Kmart. Scroll down for video Thousands of US retail stores are set to close across the country in the next two months. More than 3,500 shops are expected to shut down due to the rise in online shopping, in what is becoming one of the biggest retail closures in decades, including Sears and Macy's JCPenney is shutting down 138 stores - or 14 per cent of its locations, and Sears is closing 150 stores - or 10 per cent of its Sears and Kmart locations. Many shopping malls will be forced to shut down as well due to the downward spiral caused by major stores like Sears closing, Business Insider has reported.

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History of this topic

Craft retailer to close all 800 stores after 80 years
1 month ago

Craft retailer to close all 800 stores after 80 years

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. The company said on Sunday that after a …

Joann fabrics closing more than 500 stores in 49 states — see the full list of locations
1 month, 2 weeks ago

Joann fabrics closing more than 500 stores in 49 states — see the full list of locations

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

15,000 stores will close in 2025... but experts reveal why retail is NOT dying
1 month, 3 weeks ago

15,000 stores will close in 2025... but experts reveal why retail is NOT dying

Daily Mail  

Store closures set to double in 2025 — but experts say retail is evolving, not dying. Retail expert Neil Saunders said that although 15,000 stores are predicted to shutter in America in 2025, Coresight Research revealed that the US will see 15,000 stores close in 2025 However, Saunders said the projected closures do not necessarily mean there is an inherent …

Macy’s to close 66 stores across the country this year. See the full closure list
2 months, 2 weeks ago

Macy’s to close 66 stores across the country this year. See the full closure list

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 Macy’s has announced it …

Downtown Los Angeles Macy’s is among 150 locations to close
2 months, 3 weeks ago

Downtown Los Angeles Macy’s is among 150 locations to close

LA Times  

Macy’s said this week that it will close 66 stores, part of a broader plan to shut down 150 locations across several states. The downtown Los Angeles Macy’s department store, situated on 7th Street and a cornerstone of retail in the area, will shut down as the company prepares to close 150 underperforming locations in an effort to revamp and …

Why Macy's is shutting down dozens of stores across US
3 months, 2 weeks ago

Why Macy's is shutting down dozens of stores across US

India Today  

Popular US departmental store chain Macy’s has announced that it is planning to shut down as many as 65 stores by the end of January 2025, which is 15 more than previously planned, according to reports. Macy’s CFO Adrian Mitchell said that the closure of stores will be done in a strategic manner, with greater focus on locations that are …

Macy's will close 65 stores within weeks - but not before huge clearance sale
3 months, 2 weeks ago

Macy's will close 65 stores within weeks - but not before huge clearance sale

Daily Mail  

Macy’s is ramping up store closures this year as it struggles to revive its faltering business. Spring revealed the updated closure numbers during Macy's latest earnings on Wednesday, telling investors: ‘We now expect to close roughly 65 locations this year. Closures will occur post-holiday.’ Macy's now now expects to close 65 locations by the end of the year. Sales at …

Is Macy's next in retail bloodbath? Beloved store sees sales slump amid 150 shops closing
3 months, 2 weeks ago

Is Macy's next in retail bloodbath? Beloved store sees sales slump amid 150 shops closing

Daily Mail  

Macy’s is facing a rough holiday season after revealing disappointing sales figures and slashing its profit outlook. A retail expert told DailyMail.com that while there may be more store closures, Macy's still makes a profit and so was not a bankruptcy risk. Just days ago activist investor Barington Capital Group called on Macy's to ditch more of its real estate …

US retail blackout: Walmart, Target, Costco and others to close down on this day after Thanksgiving shutout
3 months, 3 weeks ago

US retail blackout: Walmart, Target, Costco and others to close down on this day after Thanksgiving shutout

Hindustan Times  

As per the prevailing holiday traditions of US retailers, you may want to check Christmas shopping off your festive to-do list earlier than planned. Major retail giants across America, including Walmart, Target, Costco and Trader Joe’s, will remain closed for Christmas Day. Big stores closed for Christmas Walmart and Trader Joe’s are merely two such big names that will follow …

Discount retailer Big Lots to close hundreds of stores - see if yours is on the list
7 months, 2 weeks ago

Discount retailer Big Lots to close hundreds of stores - see if yours is on the list

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 …

Major national department store abruptly shuts four stores
7 months, 3 weeks 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 …

Major national department store abruptly shuts four stores across several states
7 months, 4 weeks ago

Major national department store abruptly shuts four stores across several states

Daily Mail  

One of America's biggest department stores is shutting four locations. The four JCPenney closures are across as many states - Alabama, Texas, Maine and Maryland Like rival Macy's, JCPenney has been battling a trend for Americans to increasingly shop online. Rihanna attends Fenty Beauty's 1-year anniversary at Sephora inside JCPenney on September 14, 2018 in Brooklyn, New York The 122-year-old …

Store closures are rocking the US market. Here’s the restaurants and retailers shutting their doors
9 months, 2 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 …

Walmart layoffs: Company closes more stores, tells some workers to relocate
10 months, 2 weeks ago

Walmart layoffs: Company closes more stores, tells some workers to relocate

Hindustan Times  

Walmart is cutting hundreds of corporate jobs as it asked most of its remote workers to return to office, it was reported. Citing people in the know, Wall Street Journal reported that the world’s largest retailer and America's biggest private employer is asking workers in three tech hubs to relocate as well. Walmart runs around 4,600 stores in the US …

National fashion chain in US to shut down ALL 540 stores in weeks - but will clear stock with 90% off bargains first
10 months, 3 weeks ago

National fashion chain in US to shut down ALL 540 stores in weeks - but will clear stock with 90% off bargains first

Daily Mail  

Rue21 - the teen fashion chain that is a fixture in malls across America - is to shut all 543 US stores. Rue21 has filed for Chapter 11 bankruptcy and will close all 543 stores within four to six weeks Rue21 is closing all 543 stores and will clear its stock over the next four to six weeks in clearance …

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
11 months, 2 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 …

Macy’s closes 150 stores – see if yours is on the list
1 year, 1 month ago

Macy’s closes 150 stores – see if yours is on the list

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 Macy’s has announced plans …

Macy's to close 150 stores but expand luxury Bloomingdale's, Bluemercury outlets
1 year, 1 month ago

Macy's to close 150 stores but expand luxury Bloomingdale's, Bluemercury outlets

Hindustan Times  

Macy's will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales. The Macy's stores set to close account for less than 10% of its sales, the company said. “We are making the necessary moves to reinvigorate relationships with our customers through …

Why Macy's is closing 150 department stores
1 year, 1 month ago

Why Macy's is closing 150 department stores

NPR  

Why Macy's is closing 150 department stores Enlarge this image toggle caption Ted Shaffrey/AP Ted Shaffrey/AP Macy's, an anchor of so many shopping malls, plans to close 150 department stores in a bid to reinvigorate sales and shift its public image more toward luxury goods. His plan, dubbed "A Bold New Chapter," appears to acknowledge that Macy's for years has …

Macy's to slash 2,350 jobs and ax FIVE stores as it becomes latest victim of America's 'retail apocalypse'
1 year, 2 months ago

Macy's to slash 2,350 jobs and ax FIVE stores as it becomes latest victim of America's 'retail apocalypse'

Daily Mail  

Chain is planning to add more automation to its supply chain and reduce management Macy's will lay off around 2,350 workers and close five stores as it becomes the latest victim of America's retail apocalypse. It comes as Macy's President Tony Spring prepares to succeed Jeff Gennette as CEO next month. Macy's will lay off around 2,350 workers and close …

Walmart is axing 2,000 warehouse jobs weeks after retail chain announced store closures
1 year, 11 months ago

Walmart is axing 2,000 warehouse jobs weeks after retail chain announced store closures

Daily Mail  

Walmart Inc will cut more than 2,000 jobs at five U.S. e-commerce warehouses, the company reported on Monday. Walmart Inc will cut more than 2,000 jobs at five U.S. e-commerce warehouses, the company reported on Monday US Bureau of Labor Statistics shows Consumer Price Index February 2023 inflation since 1981 In February, Mail Online reported on a retail apocalypse across …

Walmart to close a series of stores across 9 states this year due to falling profits
2 years ago

Walmart to close a series of stores across 9 states this year due to falling profits

Daily Mail  

Walmart announced they're shuttering 12 stores across nine states and Washington DC this year due to failing profits - on the same day they announced hundreds of layoffs at fulfilment centers. It comes the same day the company announced hundreds of workers at five facilities that fulfill e-commerce orders are being asked to find jobs within 90 days at other …

More than 800 big box retail stores are set to close across the nation this year
2 years, 1 month ago

More than 800 big box retail stores are set to close across the nation this year

Daily Mail  

Bed Bath & Beyond leads the way in closing down at least 416 stores this year, followed by Tuesday Morning, Gap and Walmart Over 800 big box retailers are planned to be closed down throughout 2023 Many of America's most iconic retail stores are set to close locations this year America is bracing for a mass exodus of retail stores …

More than 17,000 shops shut in 2022 in worst year for retail in five years
2 years, 2 months ago

More than 17,000 shops shut in 2022 in worst year for retail in five years

Daily Mail  

The UK's retail sector had a bruising year in 2022 as more shops closed their doors than at any other point for at least five years. Over 17,145 shops on high streets and other locations across the country closed in 2022 Sign of the times: Many branches are shutting amid challenging conditions in the market Vacancy rates - the North-South …

H&M to close 250 stores as shoppers move online during pandemic
4 years, 5 months ago

H&M to close 250 stores as shoppers move online during pandemic

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy H&M has announced plans to …

Apple re-closes some stores, raising economic concerns
4 years, 9 months ago

Apple re-closes some stores, raising economic concerns

Live Mint  

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? Because US efforts to contain the pandemic haven't been particularly successful, the situation “could ultimately lead to a need for more prolonged shut-downs” that would reduce consumer spending and cost jobs, …

Apple re-closes some stores, raising economic concerns
4 years, 9 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 …

Macy’s to close 125 stores, shed 2,000 corporate jobs
5 years, 1 month ago

Macy’s to close 125 stores, shed 2,000 corporate jobs

Associated Press  

NEW YORK — Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The corporate jobs will be shed as Macy’s closes its offices in Cincinnati and San Francisco, leaving New York as its sole corporate headquarters. Macy’s …

Macy's Closing 125 Stores, Cutting 2,000 Jobs As Mall Stores Struggle
5 years, 1 month ago

Macy's Closing 125 Stores, Cutting 2,000 Jobs As Mall Stores Struggle

NPR  

Macy's Closing 125 Stores, Cutting 2,000 Jobs As Mall Stores Struggle Enlarge this image toggle caption Elaine Thompson/AP Elaine Thompson/AP Macy's is planning to close about 125 underperforming stores over the next three years, about a fifth of the company's retail locations. Macy's said in a statement that it is also cutting 2,000 jobs — about 9% of its corporate …

Macy’s will close 125 stores in the next three years
5 years, 1 month ago

Macy’s will close 125 stores in the next three years

CNN  

New York CNN Business — Macy’s said Tuesday that it will close 125 stores over the next three years, nearly one fifth of its total locations, in another blow to American department stores. Macy’s planned closings follow years of struggles at US department stores, which have been bruised by the rise of Amazon and the expansion of low-price clothing chains …

Marks & Spencer announces closure of up to 14 stores, putting 468 jobs at risk
7 years, 1 month ago

Marks & Spencer announces closure of up to 14 stores, putting 468 jobs at risk

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Marks & Spencer has announced …

Sears, Kmart And Macy's Will Close More Stores in 2018
7 years, 2 months ago

Sears, Kmart And Macy's Will Close More Stores in 2018

NPR  

Sears, Kmart And Macy's Will Close More Stores in 2018 Enlarge this image toggle caption Scott Olson/Getty Images Scott Olson/Getty Images Last year was one of the worst for the retail industry, with record setting bankruptcies and store closings — 8,000 across multiple national chains. On Thursday, Sears Holdings Corp., the parent company of Sears and Kmart, announced it is …

Macy’s plans to shut 100 stores as earnings fall; its stock soars 17%
8 years, 7 months ago

Macy’s plans to shut 100 stores as earnings fall; its stock soars 17%

LA Times  

Macy’s is planning to close about 100 stores — nearly 15% of its locations — next year due to pressure as consumers increasingly shop online. Macy’s Inc. said Thursday that it will close about 100 of its stores next year — about 15% — as the struggling retailer grapples with rapid changes in people’s buying habits. Macy’s said shutting the …

Wal-Mart to shutter 269 stores, 154 of them in US
9 years, 2 months ago

Wal-Mart to shutter 269 stores, 154 of them in US

India TV News  

New York: Wal-Mart is doing some rare pruning. The world's largest retailer is closing 269 stores, including 154 in the U.S. that includes all of its locations under its smallest-format concept store called Wal-Mart Express. Wal-Mart Stores Inc. said the store closures will affect 16,000 workers, 10,000 of them in the U.S. Its global workforce is 2.2 million, 1.4 million …

Walmart to close 269 stores, lay off 16,000 employees
9 years, 2 months ago

Walmart to close 269 stores, lay off 16,000 employees

The Hindu  

Retail giant Walmart Stores, Inc. on Friday announced plans to close 269 stores and lay off 16,000 employees, including 6,000 of them outside the U.S. In a news release, the Bentonville, Arkansas-based company said it would close its 154 stores in the U.S. and 115 others abroad. The U.S. closures also include seven stores in Puerto Rico, where the retailer …

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