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 for America's diverse, working families and welcome them to shop at our other JCPenney stores in the area and at JCPenney.com.' 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 retailers have shut 7,300 stores so far this year, up nearly 60% from 2023
3 weeks, 1 day 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 …

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 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 …

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 …

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 …

Walmart shuts four stores in Chicago - halving its footprint in Illinois city
1 year, 8 months ago

Walmart shuts four stores in Chicago - halving its footprint in Illinois city

Daily Mail  

Walmart is shuttering half of its stores in Chicago, mostly located on the crime-ridden city's south and west sides, that have been losing millions each year. The closings were announced just days after Chicago's newly elected liberal mayor Brandon Johnson blamed the city's poverty and crime rates on businesses that don't pay taxes. Walmart is shuttering half of its stores …

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. …

Macy’s just dealt a big blow to the struggling American mall
4 years, 11 months ago

Macy’s just dealt a big blow to the struggling American mall

CNN  

New York CNN Business — Hundreds of American malls are struggling. Macy’s, for decades a reliable anchor tenant for mall owners and a draw for shoppers, announced Tuesday that it will close 125 stores, roughly one-fifth of its portfolio, within the next three years. “Macy’s is the primary draw,” said Ken Perkins, president of research firm Retail Metrics. “Layer on …

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