Major national department store abruptly shuts four stores across several states
5 months 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 retailer has faced massive challenges in recent years. It filed for Chapter 11 bankruptcy in 2020, leading to the closure of 200 stores 'Regretfully, we are unable to continue our current lease terms for these store locations and have been unable to find suitable locations in the market,' the company told Retail Dive last month. JCPenney's closures come amid a widespread 'retail apocalypse' that is seeing bricks-and-mortar stores struggle to combat rampant theft and increasingly tight margins.

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History of this topic

Why it seems like all of America’s chains are closing
6 days, 15 hours 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 …

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 …

US retail blackout: Walmart, Target, Costco and others to close down on this day after Thanksgiving shutout
4 weeks, 2 days 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 …

Walmart to shut out Thanksgiving rush as over 4K stores continue 4-year holiday tradition; other retailers follow suit
1 month, 2 weeks ago

Walmart to shut out Thanksgiving rush as over 4K stores continue 4-year holiday tradition; other retailers follow suit

Hindustan Times  

Popular retailers like Walmart, Target, Costco, Best Buy, Lowe’s and Home Depot have given US shoppers a heads-up so that they can make their holiday shopping arrangements in advance. With Walmart extending its four-year holiday tradition, its CEO, John Fuller, told USA Today in an interview that bosses “want you to enjoy the day at home with your loved ones.” …

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 …

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 …

Macy’s closes 150 stores – see if yours is on the list
10 months, 1 week 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 …

JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its business
1 year, 4 months ago

JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its business

Associated Press  

NEW YORK — JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain. Shoppers will But JCPenney is playing catch-up with its competitors — from discounters to department stores like Macy’s and Walmart — that have been upgrading their stores and …

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 …

As JCPenney exits bankruptcy, its long-term outlook remains grim
4 years, 1 month ago

As JCPenney exits bankruptcy, its long-term outlook remains grim

CNN  

New York CNN Business — JCPenney has survived to see its 119th holiday shopping season. JCPenney got final approval on its plans to emerge from bankruptcy just last week on the eve of the all-crucial holiday shopping season, thanks to a rescue by mall owners Simon Property Group and Brookfield Asset Management, who will now own and operate the company. …

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 …

Macy’s will close 125 stores in the next three years
4 years, 11 months 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 …

America has turned its back on big department stores
4 years, 11 months ago

America has turned its back on big department stores

CNN  

New York CNN Business — Somehow, in the midst of a monster holiday shopping season, America’s biggest department stores managed to lose sales. JCPenney’s sales at stores and websites open for a year fell 7.5% during the holidays compared with last year. Victoria’s Secret sales at stores and websites open for at least a year fell 12% and its parent …

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