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 to the days prior to the pandemic, when retailers were closing thousands of stores a year as online shopping grew rapidly. German discount grocer Aldi announced plans last year to open 126 new stores nationwide in a larger $9 billion expansion strategy to reach shoppers looking for cheap groceries. These chains have pressured department stores like Macy’s and Kohl’s in recent years by offering designer brands for lower prices.

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History of this topic

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 …

Nearly 30% of US drugstores closed in one decade, study shows
1 month ago

Nearly 30% of US drugstores closed in one decade, study shows

Associated Press  

Nearly three out of 10 U.S. drugstores that were open during the previous decade had closed by 2021, new research shows. Black and Latino neighborhoods were most vulnerable to the retail pharmacy closures, which can chip away at already-limited care options in those communities, researchers said in a study published Tuesday in Health Affairs. The study found that more than …

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 …

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 …

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 …

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 …

Large US pharmacy chain to close more stores
6 months, 1 week ago

Large US pharmacy chain to close more stores

China Daily  

FILE PHOTO: A Walgreens logo is seen outside its store in New York City, September 18, 2013. REUTERS/Mike Segar /File Photo Walgreens, one of the largest pharmacy chains in the United States, announced plans on Thursday to close a substantial number of its approximately 8,600 locations over the next three years because they are "underperforming". We are at a point …

Drug store chains pushed out independent pharmacies. Here’s why they’re now closing too
6 months, 1 week ago

Drug store chains pushed out independent pharmacies. Here’s why they’re now closing too

CNN  

New York CNN — Walgreens said Thursday that it plans to close a “significant” number of its roughly 8,600 stores in the United States. Walgreens said in 2019 it would close 200 stores and last year announced an additional 150 store closures. Shifting trends Drug store chains are struggling because of falling reimbursement rates for prescription drugs, according to analysts …

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 …

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

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 …

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. …

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 …

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