Macy's will close 65 stores within weeks - but not before huge clearance sale
3 months, 1 week 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 the iconic department store chain - which also owns Bloomingdale's - fell by 2.4 percent in the quarter ending in November, the company also reported Wednesday. Macy's has been hit by falling sales ahead of the traditional holiday shopping period The company's stock is down 22 percent so far this year The retailer recently revealed a lone employee hid more than $150 million in delivery expenses Macy's is one of many retailers closing stores this year as the ongoing 'retail apocalypse' forces brick-and-mortar locations to grapple with rising theft and shrinking profit margins.

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History of this topic

15,000 stores will close in 2025... but experts reveal why retail is NOT dying
1 month, 2 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 …

Kohl’s is closing 27 locations. See if your store is on the list
2 months, 1 week ago

Kohl’s is closing 27 locations. See if your store is on the list

CNN  

New York CNN — Kohl’s is closing 27 stores across more than a dozen states as the struggling retailer looks to improve profitability. Kohl’s said it “continues to believe in the health and strength of its profitable store base.” It’s one of the last decisions made by outgoing CEO Tom Kingsbury, who is stepping down Wednesday and being replaced next …

Macy’s to close 66 stores across the country this year. See the full closure list
2 months, 1 week 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 …

Kohl’s to close 27 stores by April as struggling department stores works to improve sales
2 months, 1 week ago

Kohl’s to close 27 stores by April as struggling department stores works to improve sales

Associated Press  

NEW YORK — Kohl’s said Friday it was closing 27 underperforming locations in 15 states by April — a fraction of its 1,150 store base — as the struggling department store chain aims to boost profitability and improve sagging sales. The majority of these stores will close during the company’s first fiscal quarter of this year, Macy’s said. The closings …

Downtown Los Angeles Macy’s is among 150 locations to close
2 months, 1 week 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 it seems like all of America’s chains are closing
2 months, 3 weeks 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 …

Why it seems like all of America’s chains are closing
2 months, 3 weeks 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 …

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

Why Macy's is shutting down dozens of stores across US
3 months, 1 week 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 …

Is Macy's next in retail bloodbath? Beloved store sees sales slump amid 150 shops closing
3 months, 1 week 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, 1 week 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 …

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

Walgreens announces plans to close 1,200 stores — but the exact locations remain a mystery
5 months, 1 week ago

Walgreens announces plans to close 1,200 stores — but the exact locations remain a mystery

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 Walgreens plans to close about …

Walgreens plans to close 1,200 stores; its stock price sees a double-digit jump
5 months, 1 week ago

Walgreens plans to close 1,200 stores; its stock price sees a double-digit jump

LA Times  

Walgreens plans to close about 1,200 stores over the next three years in an effort to improve earnings and increase cash flow. Walgreens plans to close about 1,200 stores over the next three years in an effort to improve earnings and increase cash flow, the struggling company announced Tuesday. The downsizing plan by Walgreens Boots Alliance will target 500 stores …

Walgreens to close 1,200 stores across U.S.
5 months, 1 week ago

Walgreens to close 1,200 stores across U.S.

Salon  

Walgreens said Tuesday it will close 1,200 stores across the U.S. over the next three years to try to recover from financial struggles that include billions of dollars in losses. The company's fourth-quarter sales and profit beat Wall Street’s expectations and “reflected our disciplined execution on cost management, working capital initiatives and capex reduction,” company CEO Tim Wentworth said in …

Macy’s swings to a second quarter profit, but sales surprisingly weak as customers grow cautious
7 months ago

Macy’s swings to a second quarter profit, but sales surprisingly weak as customers grow cautious

Associated Press  

NEW YORK — Macy’s swung back to a profit in its second quarter but suffered yet another sales decline as inflationary weary shoppers rein in spending, with their focus increasingly on buying the essentials. At the first 50 stores that Macy’s has overhauled, same store sales have rising for two consecutive quarters, said Tony Spring, who became chairman and CEO …

Discount retailer Big Lots to close hundreds of stores - see if yours is on the list
7 months, 1 week 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, 2 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, 2 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 …

Macy's ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing
8 months, 1 week ago

Macy's ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing

Hindustan Times  

Macy's is terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing. Macy's ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing In announcing the end of negotiations on Monday, Macy’s alleged that Arkhouse Management and Brigade Capital Management did not meet its request for information …

Macy’s ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing
8 months, 1 week ago

Macy’s ends takeover talks with Arkhouse and Brigade citing lack of certainty over financing

Associated Press  

Macy’s is terminating its monthslong buyout talks with two investment firms, citing a substandard offer and the lack of certainty over financing. Macy’s said that offer was within a range that its board had previously told Arkhouse and Brigade was “not compelling.” Macy’s shares tumbled 11.7% to close Monday at $16.85. “Other than seeking to monetize Macy’s real estate assets …

Store closures are rocking the US market. Here’s the restaurants and retailers shutting their doors
9 months, 1 week 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 …

Stop & Shop supermarket chain sparks fears of mass closures as 'difficult' decisions hinted at by bosses
9 months, 3 weeks ago

Stop & Shop supermarket chain sparks fears of mass closures as 'difficult' decisions hinted at by bosses

Daily Mail  

Stop & Shop is planning to shutter 'underperforming' stores over the next few years. 'Stop & Shop has already evaluated its overall portfolio and will make difficult decisions to close underperforming stores to create a healthy store base for the long term and grow the brand,' said JJ Fleeman, CEO of Ahold Delhaize. Planned closures of Stop & Shop come …

National fashion chain in US to shut down ALL 540 stores in weeks - but will clear stock with 90% off bargains first
10 months, 2 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, 1 week 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 …

Rite Aid announces 77 store closures to bring total in six months to 431 - is YOUR local pharmacy affected?
1 year ago

Rite Aid announces 77 store closures to bring total in six months to 431 - is YOUR local pharmacy affected?

Daily Mail  

Another 77 Rite Aid stores will close as part of the retailer’s voluntary bankruptcy. The closures, announced in seven court filings so far this year, will affect stores across 21 states, including California, Pennsylvania, New York and Texas. Here is how they break down per state - or scroll down to the bottom of the article for a full list …

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

Macy's to close 150 stores in major turnaround effort - but will open more high-end Bloomingdale's and Bluemercury locations
1 year ago

Macy's to close 150 stores in major turnaround effort - but will open more high-end Bloomingdale's and Bluemercury locations

Daily Mail  

Macy's will close 150 underperforming stores over the next three years, the department store said Tuesday - more than a third of locations. Macy's will close 150 stores over the next three years, the department store said Tuesday Sales at the company fell to $8.12 billion in the fourth quarter, down nearly 2 percent from a year ago. Retail analyst …

Macy's to close 150 stores and will open new Bloomingdale's locations
1 year ago

Macy's to close 150 stores and will open new Bloomingdale's locations

Associated Press  

NEW YORK — 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 25% of overall square footage but less than 10% of its sales, the company said. AP AUDIO: Macy’s to …

San Francisco’s iconic Union Square Macy’s will close
1 year ago

San Francisco’s iconic Union Square Macy’s will close

LA Times  

Macy’s massive store in downtown San Francisco’s Union Square, overlooking the holiday ice rink, will close as part of the company’s plan to shut 150 underperforming locations, about 30% of the Macy’s stores. As Macy’s announced plans to close 30% of its locations, including its store in San Francisco’s Union Square, Walmart said it will shut the doors to its …

Macy’s Simi Valley to close along with four other stores; 3.5% of workforce to be cut
1 year, 2 months ago

Macy’s Simi Valley to close along with four other stores; 3.5% of workforce to be cut

LA Times  

Macy’s is planning to close five stores, including the Simi Valley Town Center location. Macy’s is closing five stores, including the location at Simi Valley Town Center, and laying off 3.5% of the department store chain’s workforce, according to a statement from a company spokesperson and media reports. The decision, the person said, would allow the chain “to become a …

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 …

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, 5 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 …

Macy’s had to discount spring goods to entice cautious consumers and sees more warning signs ahead
1 year, 7 months ago

Macy’s had to discount spring goods to entice cautious consumers and sees more warning signs ahead

Associated Press  

NEW YORK — Macy’s heavily discounted its spring goods to make room for fall and holiday merchandise in the face of customers’ cautious spending, but the retailer’s adjusted second-quarter profits and sales still topped Wall Street expectations. “As we plan the remainder of the year and we think about 2024, we remain cautious on the pressures impacting our customer, especially …

New Look set to shut down more shops in weeks - is yours among those facing closure?
1 year, 8 months ago

New Look set to shut down more shops in weeks - is yours among those facing closure?

Daily Mail  

Clothes seller New Look is set to close even more of its high street stores following its decision to shutter seven of its UK outlets this winter. New Look is set to close even more of its high street stores after shuttering seven this winter Which stores have closed so far? - Rhyl’s White Rose Centre - July 25 - …

Macy’s cuts corporate headcount by 3,900 as virus takes toll
4 years, 8 months ago

Macy’s cuts corporate headcount by 3,900 as virus takes toll

Associated Press  

NEW YORK — Macy’s said Thursday it’s laying off 3,900 people corporate staffers, roughly 3% of its overall workforce, as the pandemic takes a financial toll on the iconic department store chain’s sales and profits. In February, before the virus became a pandemic, Macy’s said it would cut 2,000 jobs in its corporate office and close 125 stores. Macy’s CEO …

Macy’s says reopened stores luring back customers
4 years, 9 months ago

Macy’s says reopened stores luring back customers

Associated Press  

NEW YORK — Macy’s said Tuesday that roughly several hundred stores that have reopened are performing better than anticipated as it disclosed an update on its fiscal first-quarter results. Excluding one-time items, it said it’s looking to report a loss of $2.03 per share when it reports final first-quarter results on July 1. In a statement, Macy’s CEO Jeff Gennette …

Reopened Macy’s stores are performing better than expected
4 years, 9 months ago

Reopened Macy’s stores are performing better than expected

CNN  

New York CNN Business — Perhaps there’s some light at the end of the tunnel for battered retailers: Macy’s just revealed that its first quarter won’t be quite as dismal as expected. “Our strong digital business sales trend continued throughout May, and it is encouraging to see that as we reopen a store, the digital business in that geography continues …

Macy’s expects it lost around $1 billion in a matter of weeks. Department stores are in trouble
4 years, 10 months ago

Macy’s expects it lost around $1 billion in a matter of weeks. Department stores are in trouble

CNN  

New York CNN Business — Macy’s released its preliminary earnings for the first quarter, and it ain’t pretty. Kohl’s said earlier this week that sales fell 43% last quarter, while sales at L Brands, the parent company of Victoria’s Secret and Bath & Body Works, dropped 37%. Macy’s, Kohl’s and L Brands’ results reflect how reliant traditional apparel chains are …

Some retailers too broke to go bankrupt
4 years, 10 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 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 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 …

More than 9,300 stores closed in 2019
5 years, 3 months 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 …

Marks & Spencer to announce more store closures ahead of annual earnings announcement
6 years, 10 months ago

Marks & Spencer to announce more store closures ahead of annual earnings announcement

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 is expected …

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 …

Department stores: Macy’s sales fall, Kohl’s profit drops
7 years, 4 months ago

Department stores: Macy’s sales fall, Kohl’s profit drops

Associated Press  

NEW YORK — Macy’s sales fell as it had a hard time pulling shoppers through its doors and Kohl’s reported a drop in quarterly profit Thursday, underscoring just how challenging the holiday shopping season will be for department store chains. Kohl’s and J.C. Penney are both opening an hour earlier on Thanksgiving than a year ago, but Penney is trying …

Up to 25% of U.S. shopping malls may close in the next five years, report says
7 years, 9 months ago

Up to 25% of U.S. shopping malls may close in the next five years, report says

LA Times  

Between 20% and 25% of the nation’s shopping malls will close in the next five years, according to a new report from Credit Suisse that predicts e-commerce will continue to pull shoppers away from bricks-and-mortar retailers. “It’s more in the 30% range,” Ron Friedman, a retail expert at accounting and advisory firm Marcum said of the share of malls that …

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 …

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