Macy’s
Macy’s is the latest department store chain to announce a wave of location closures in the coming years. In January, the company announced that it would permanently close 45 outlets in 2021. According to CNBC, the closures are part of a larger plan by Macy’s to eliminate 125 locations by 2023, limiting its presence to high-end shopping complexes.
Macy’s
Bed Bath & Beyond
Bed Bath & Beyond expects to liquidate another 200 locations in 2021, following the closure of 200 outlets last year. According to USA Today, by the end of February, another 43 locations would be permanently closed. The closures would take place in 19 jurisdictions, with nine of them being in California.
Bed Bath & Beyond
Express
Last year, Express said that it would close 100 of its stores by 2022, starting with 31 locations in 20 states in January 2020. Another 35 outlets are set to close by the end of January 2021, with another 25 set to close the following year.
Express
Office Depot
Office Depot’s reorganization plan, which was first announced last spring, will extend through 2021. The office supply company would then close an unspecified number of stores and lay off around 13,000 people by 2023. The initiatives, according to reports, are part of the company’s ongoing efforts to cut costs as it converts from a traditional retailer to an IT services provider.
Office Depot
Walgreens
After initially announcing the closures in 2019, Walgreens is currently closing over 200 of its stores in the United States. The closures would account for less than 3% of the pharmacy chain’s total store count, which now stands at over 9,600 locations around the world.
Walgreens
The Children’s Place
This year, The Children’s Place will shut down a number of locations around the world. Last year, the children’s clothing retailer announced plans to liquidate 200 locations in 2020 and another 100 by the end of 2021. According to “Today,” the company has not stated which stores will close, despite the fact that it primarily targets “mall-based” locations.
The Children’s Place
J.C. Penney
J.C. Penney will close more stores this spring after declaring bankruptcy and closing more than 150 locations last year. In December, the department store chain announced that it would liquidate 15 more stores by the end of March 2021. “As part of our shop optimization plan, which began in June with our financial restructuring, we also chose to close an additional 15 locations,” J.C. Penney said in a statement to USA Today. “Liquidation sales will begin later this month, and the stores will close to the general public in mid- to late March.”
J.C. Penney
Francesca’s
In November 2020, Francesca stated that it would close approximately 140 stores by the end of January 2021. The women’s boutique chain filed for Chapter 11 bankruptcy in December, with plans to sell the company, including its physical stores. According to a statement sent to USA Today, the company currently has 558 stores open, but “plans to renegotiate a variety of leases via this process, which could mean closing new boutiques.”
Francesca’s
Signet Jewelers
This year, Signet Jewelers, which operates under the names Kay Jewelers, Zales, Jared The Galleria Of Jewelry, and Piercing Pagoda around the world, is closing even more locations. In 2020, the diamond jewelry company confirmed that it would not reopen at least 150 North American locations that had been temporarily closed because of the COVID-19 outbreak in March. Before the end of February 2021, another 150 stores will close.
Signet Jewelers
Pet Valu
The list of businesses that have shuttered as a result of the coronavirus outbreak now includes Pet Valu. The pet supplies shop announced in November 2020 that it would close all 358 of its stores and warehouses across the United States. As a result, customers will be unable to place orders on the company’s website, despite the fact that closing sales have already begun in many parts of the world.
Pet Valu
Justice
After permanently closing over 600 outlets last year, Justice is expected to close the remaining branches this year. The tween girl chain’s parent firm, Ascena Retail Group Inc., revealed plans to close the chain in November, with the remaining 108 outlets set to close by early 2021.
Justice
GameStop
In 2021, GameStop, which has shuttered hundreds of stores in the last two years, plans to shutter even more. Before the end of its fiscal year in March December, the video game retailer announced plans to close over 1,000 stores. The closures follow nearly a decade of financial struggles for the gaming business, which is striving to collect its debts following a $458 million net loss in 2018.
GameStop
Sears
Sears, which Transformco owns, has seen a sharp drop in revenues since declaring bankruptcy in 2018 and closing the majority of its stores over the preceding two years. According to CNN, the ailing company is in the midst of a “slow-motion liquidation,” and will continue liquidating stores as soon as possible next year, as well as listing certain locations through commercial real estate agents.
Sears
The Disney Store
On March 3, Disney announced that around 60 of its North American Disney Stores would close by the end of 2021. E-commerce, social networking, and theme park shopping endeavors, according to the committee, would be prioritized. As of 2016, the company had 330 locations worldwide, with 200 in North America.
The Disney Store
Kmart
Kmart, which is owned by the same company as Sears, Transformco, is also closing its doors. The chain’s overall shop count has been reduced to only 48 locations, with more closures expected in the next year as the commercial real estate industry improves.
Kmart
H&M
H&M plans to close another 250 stores in 2021, following the closure of 180 stores in 2020. The retailer’s decision was mostly influenced by the coronavirus outbreak and the growing trend of internet shopping. “More and more shoppers began buying online following the epidemic,” H&M CEO Helena Helmersson said on “Good Morning America,” “and they are making it clear that they like a comfortable and empowering atmosphere in which shops and online link and support one other.”
H&M
Victoria’s Secret
Following the closure of 250 locations in the United States and Canada last year, Victoria’s Secret is likely to close more stores in the next two years. Victoria’s Secret CEO Stuart Burgdoerfer openly addressed the impending closings on an earnings call with investors in May 2020. “We will expect a meaningful amount of incremental store closures outside of the 250 that we’re pursuing this year,” he told USA Today, “suggesting that there will be more in 2021 and perhaps a little more in 2022.”
Victoria’s Secret
Gap
Gap intends to dramatically cut its physical presence during the next two years. Gap Inc. announced in October 2020 that it would close 220 Gap stores across North America by the end of 2023. The store closures are part of the retailer’s goal to focus on city centers and stores rather than malls.
Gap
Banana Republic
Several Banana Republic locations, which are also owned by Gap Inc., will close. The company expects to eliminate 130 Banana Republic outlets by 2023. Between the Banana Republic and Gap, the chain would close 350 stores, accounting for approximately a third of its North American locations.
Banana Republic
Carter’s
Carter’s has decided to close hundreds of stores indefinitely as their leases expire in the coming months. In October 2020, the children’s clothes and accessories retailer announced plans to liquidate roughly 200 stores, with about 60% of those sites scheduled to close by the end of 2021. The existing shops will close at the end of 2022.
Carter’s
American Eagle
They may complete other American Eagle facilities this year after announcing plans to eliminate 40 to 50 outlets by 2020. As leases expire over the next two years, management announced last October that the retailer may close up to 500 outlets. Chief Financial Officer Mike Mathias told Retail Dive that the retailer examines “lease term, mall profile, accessibility to other stores, and consumer experience level” when deciding which stores to close permanently.
American Eagle
Zara
In the aftermath of the coronavirus outbreak, Zara is moving its attention away from brick-and-mortar stores and toward online purchases. Last summer, Inditex, the apparel company’s holding company, said that it would close up to 1,200 stores throughout the world over the following three years, starting in 2020. The company reportedly plans to invest $3 billion in enhancing its digital activities, including hiring more online customer service representatives.
Zara
Men’s Wearhouse
Last summer, Tailored Brands, the parent company of Men’s Wearhouse and Jos. A. Bank announced that over 500 stories will be closed “over time.” As buyers shifted to remote professions and had less need for formalwear, the COVID-19 pandemic hit the men’s apparel shop hard. Nonetheless, after filing for bankruptcy in August and exiting the last stages of the Chapter 11 proceedings in November, the company is rapidly recovering.
Men’s Wearhouse
Chico’s
Chico’s is adhering to its recently announced plan to eliminate 250 stores over the next three years, starting in 2019. Among many others, the women’s apparel store is striving to shift its focus to online sales and operations.
Chico’s
Abercrombie & Fitch
Abercrombie & Fitch’s four most important flagship sites will close at the end of January 2021. The closures, which were planned before the COVID-19 outbreak, would mostly affect London, Paris, Munich, and Dusseldorf, Germany. In addition, three additional key stores in Brussels, Madrid, and Fukuoka, Japan, will close this year when their leases expire.
Abercrombie & Fitch
Nine West
Nine West seeks to reorganize its debts by selling off pieces of the business and filing for Chapter 11 bankruptcy protection. All of this was made possible by the company’s $1.5 billion debt. As a result, the shoe shop chose to discontinue its Easy Spirit brand and shutter all but 25 of its locations. Anne Klein, One Jeanswear Group, and Kasper Grouper are among the jewelry and clothing brands that the company plans to focus on.
Screenshot 12
Payless
Payless Among all the companies that plan to close this year, ShoeSource has the most store closures. To get rid of its items and liquidate its stores, the corporation plans to close over 2,500 stores and stage clearance discounts. Some stores will stay open until May, while others will shut down by the end of March.
Payless
Gymboree
Gymboree Group Inc, a children’s clothing store, filed for Chapter 11 bankruptcy protection in the middle of January. They also announced the closure of about 800 Gymboree and Crazy 8 outlets in the US and Canada. Furthermore, it has halted online transactions and begun liquidation sales in its locations. Gymboree has filed for bankruptcy for the second time in the last two years. In 2017, the corporation shut down a number of locations.
Gymboree
Charlotte Russe
Charlotte Russe announced in March 2019 that the entire chain would close. Yes, it applies to over 500 businesses across the country. The business has already announced the closing of 94 outlets. By April 30, 2019, all of the others have shut down. The company has already stopped accepting online orders, but things can still be purchased through liquidation sales in specified areas.
Charlotte Russe
Starbucks
Starbucks stated in the summer that 150 underperforming outlets would be permanently closed. This is three times the amount it routinely closes at the end of a fiscal year. However, the business stated that the closures will have an impact on large cities with oversaturated marketplaces. The coffee chain branches are simply competing against one another in such areas.
Starbucks
Christopher & Banks
Christopher & Banks said in late 2018 that it would close 30 to 40 locations by 2020. This does not, however, imply that the company’s revenues are declining. The company’s e-commerce business, on the other hand, has seen a considerable boost. Furthermore, it is anticipated to rise much more this year!
Christopher & Banks
e.l.f Cosmetics
e.l.f cosmetics, like the other companies on the list, aims to close physical storefronts and focus on e-commerce instead. By the end of March 2019, twenty-two of its stores have closed. Patrons of this brand, however, should not be concerned because their items are still available for purchase on the official website and in drugstores around the country.
elf
Destination Maternity
To reinvigorate the firm and enhance e-commerce sales, Destination Maternity Corp. aims to focus less on its physical presence. The store closures are expected to affect 42 to 67 stores by the end of the year. They did this in the hopes of saving money at the store and growing their internet presence. The company also plans to create smaller stores “with decreased square footage to achieve increased productivity,” according to USA Today.
Destination Maternity
Foot Locker
Foot Locker Inc. announced the closure of 167 shops in March 2019. It intended to increase its investment and pour millions of dollars into the remaining locations. This decision was made in order to increase profit margins. The retailer’s shareholders were shocked by its performance in the fourth quarter of 2018.
Foot Locker
J. Crew
J. Crew seems to be in the headlines all the time these days. Following the departure of its CEO in 2018, the company began 2020 by closing six shops in January. These retail closures are part of a larger plan to close 30 stores. Last summer, they made the plan public. However, we have yet to learn which places they want to close in order to fulfill their objectives.
J. Crew
Vitamin Shoppe
Vitamin Shoppe is having problems that are comparable to GNC’s. To avoid these issues, they are focusing on e-commerce and developing a subscription service. In 2017, top-line sales totaled $1.2 billion, down 8.5 percent from the previous year. The problem can be attributed to the decline in the popularity of shopping malls and the rise of competitors. We’re hoping that their category extensions, delivery services, and marketing events will help them break out of the rut soon!
The Vitamin Shoppe Store
Bebe
When Neda Mashouf, the creative director and wife of founder Manny Mashouf, departed the company, Bebe’s sales began to decline. The logo was created in 1979. The corporation had to deal with a slew of issues when shopping malls faded away. Bebe had a $4.6 million operating loss last year. In addition, it paid $65 million to close retail outlets and concentrate on e-commerce.
Bebe
David’s Bridal
Fancy gowns and extravagant wedding rituals appear to be a thing of the past. Instead, a growing number of brides are opting for less expensive weddings and more informal attire. Unfortunately for bridal gown sellers like David’s Bridal, this is bad news. This brand’s sales are rapidly declining. They also have a $520 million loan and $270 million in unsecured notes that are due in 2020.
David’s Bridal
Bon-Ton
Bon-Ton, the online retailer and department store, has been around for a century, but it’s time to say goodbye. The store filed for bankruptcy last year and then closed all of its locations. However, it reopened for e-commerce in 2018 and reopened a few storefronts. They were first quite successful since they operated in tiny towns with little competition. Of course, Amazon modified that.
Bon-Ton
Claire’s
Claire’s is a store that sells accessories and was founded in 1961. For a long period, it was the favorite store of many young American ladies. In 2018, the company, however, halted its IPO and filed for Chapter 11 bankruptcy protection. It closed more than 130 outlets around the country in May of that year.
Claire’s
Southeastern Grocers
Supermarkets are also having difficulties with sales. For example, Southern Grocers, which owns Winn-Dixie, Bi-Lo, and Harveys, has announced that 22 of their shops will close by March 25, 2019. It took less than a year for the company to recover from its Chapter 11 bankruptcy case. 94 shops were forced to close at that time. Bi-Lo will be the most affected of the three brands it controls, with 13 outlets due to close.
Southeastern Grocers
Shopko
Shopko first stated its intention to close 70% of its locations by May 2019. They eventually changed their minds and announced that all of the stores will be closed indefinitely. Shopko filed for bankruptcy in January 2019, hoping to find a buyer to assist them get out of this crisis. Unfortunately, it was unable to find a buyer and attempted to dispose of all of its assets. As a result, by June 2019, it has closed all of its outlets.
Shopko
Performance Bicycle
If you enjoy riding, we have some terrible news for you. The country’s largest bicycle retailer has closed its doors. On March 2, the last of its 104 locations closed. Last October, Advanced Sports Enterprises filed for bankruptcy. It aimed to save at least half of its locations at first by attempting to renegotiate leases. Unfortunately, it had no choice but to fold and shut down the business.
Performance Bicycle
Lowe’s
Lowe’s is a well-known home and garden supply store. The business has already closed 51 locations, all of which were underperforming. The closures took place in the year 2019. It closed 20 stores in the United States and 31 in Canada. The company revealed its plans towards the end of 2018, with the goal of closing all of its stores by February 1, 2020. When longtime CEO Robert Niblock departed and was replaced by former J.C. Penney CEO Marvin R. Ellison, the decision to close locations was made.
Lowe’s
Vera Bradley
Vera Bradley is changing its business model, focusing on licensing rather than having physical stores. Instead, the company is considering selling home goods through stores like Bed Bath and Beyond and Macy’s. It also intends to close up to 50 of its 110 locations by 2021. Many of the leases will be up for renewal at that time. However, 52 Vera Bradley factory locations are still open for business, making it feasible to visit a physical store.
Vera Bradley
Henri Bendel
Henri Bendel closed all of its 24 locations across the country in early 2020. The parent company, L Brands, then announced in the fall of 2018 that the whole brand, including its website and famed Fifth Avenue store, will be shut down. Instead, the business chose to concentrate on other high-potential brands like Victoria’s Secret and Bath & Body Works.
Henri Bendel
Family Dollar
Dollar Tree, a discount retailer, has announced that it will close around 390 Family Dollar stores in 2020. Clients would have to go somewhere else to buy their personal care goods and other necessities. Around 200 branches were also renamed by this company. It also intends to make additional changes. They will try to raise the prices of their products in a few stores soon.
Family Dollar
J.C. Penney
J.C. Penney has been a mall stalwart for several years, but its sales have been declining for several months. In addition, it experienced a dry spell throughout the holiday season, which resulted in a drop in stock value. As a result of these factors, the business has decided to close 18 department stores by 2020. Not only that, but it also intends to close nine furniture outlets. This means that a total of 27 locations will be closed.
J.C. Penney
Z Gallerie
Z Gallerie is a high-end furniture retailer. It has recently joined the ranks of retailers who have declared bankruptcy. According to reports, the company is looking for a buyer who can help it avoid bankruptcy. Until then, the company is closing 17 locations around the country, accounting for nearly 20% of its total.
Z Gallerie
Beauty Brands
Beauty Brands announced to the globe that 25 of its stores would close in 2018. The company filed for bankruptcy in January of that year, and its corporate personnel was halved. Because it was “primarily a brick and mortar business,” the company’s bankruptcy application stated that it was suffering from rising operational costs.
Beauty Brands
Things Remembered
Things Remembered secured a buyer who helped save numerous locations after filing for Chapter 11 bankruptcy in February 2019. The shop specializing in personalized items and engraved products sold 176 locations to Enesco LLC. Even yet, it was only able to save a small portion of the original. The company had 450 locations at the time of the bankruptcy filing. Regrettably, this meant that 250 stores would have to close.
Things Remembered
Ascena Retail
What are the similarities between Ann Taylor, Dress Barn, Lane Bryant, and Loft? They’re all owned by the same corporation, Ascena Retail! Over the last five years, the company’s sales have been declining. To make amends, the business intends to close hundreds of locations across all of its brands. Around 667 locations are set to close, with the first 400 scheduled to close in July 2019.
Ascena Retail
Lord & Taylor
Lord & Taylor’s main shop, which had been open for almost a century, was closed last year. It’s the one on Fifth Avenue that you’re looking for. This year, however, more stores will close their doors. Lord & Taylor plans to close ten more stores in 2020, but they haven’t revealed which ones.
Lord & Taylor
Kohl’s
Kohl’s sought to escape the same fate as other mall businesses, therefore it will close four outlets in or near malls this year. The firm stated that the stores were “lower-performing,” and that employees at those sites would be offered a severance payout or a job at another location. The restrictions appeared to be a precautionary move rather than a pressing necessity. The company intends to maintain the same number of locations by opening four smaller locations.
Kohl’s
99 Cents Only
99 Cents Store is a store that sells items at a low price. Dollar General, Walmart, and Dollar Tree are among its competitors. The company recorded a net loss of $27.1 million in December 2017, on top of a $42.4 million loss in the first and second quarters. This company was later purchased out by Ares Management before being sold to Canada Pension Plan and then to a private family. The new CEO, Jack Sinclair, claimed good same-store sales. Despite this, the discount store continues to lose ground.
99 Cents Only
Neiman Marcus
The $4.7 billion top-line sales of Neiman Marcus fell 5% in the 2017 fiscal year. It has been suggested that 200 staff be laid off and a “Digital First” customer engagement strategy be implemented. It was rumored that Hudson’s Bay, a Canadian firm, was interested in purchasing it. Regrettably, this did not occur.
Neiman Marcus
Cole Haan
Cole Haan is a high-end footwear brand that was named to USA Today’s list of at-risk firms in 2018. It began to modify its image by concentrating on athletic footwear rather than dress shoes. Unfortunately, this backfired. Apax Partners purchased the brand in 2013 and removed Nike’s well-known comfort technology. Unfortunately, the company’s situation has not improved.
Cole Haan
FullBeauty Brands Holdings Corp
FullBeauty Brands Holding Corp owns various plus-size apparel lines for ladies and men. Jessica London, Roaman’s, Brylane Home, Ellos, Woman Within, fullbeauty.com, and KingSize are among the brands it owns. They attribute the drop in sales to Amazon. Its revenue dropped by 30% in the first quarter of 2017. The corporation intends to increase revenue and do things correctly now that new individuals are in charge.
FullBeauty
Eddie Bauer
Eddie Bauer is a Bellevue-based outdoor retailer. It was able to emerge from bankruptcy in 2009. However, we have no idea what the company’s future plans are. It was also downgraded by S&P Global in terms of credit rating. There’s a significant likelihood it’ll merge with PacSun, a California-based corporation.
Eddie Bauer
Mattress Firm
Unfortunately, our favorite mattress retailer filed for Chapter 11 bankruptcy protection lately. Part of it is due to a clerical error. The corporation announced that 700 of its 3,500 locations would be put up for sale. They plan to restructure the company and remove excessive leases in order to turn things around.
Mattress Firm
GNC
GNC, a nutrition and diet brand that has been around since 1935, is slimming down. The vitamin and supplement retailer has filed for Chapter 11 bankruptcy, citing the closure of 800 to 1,200 stores. The corporation has 7,300 sites across the world, including 3,600 standalone stores in the United States and 1,600 micro GNCs within Rite Aid pharmacies. GNC admits on its website that it has been struggling financially for a few years, but that it is working to pay down its debt and stay up with online competitors.
GNC
Pier 1 Imports
Pier 1 Imports, along with the scented candle, silk pillow, Papasan chair, and everything else that this home furnishings business is known for, has thrown in the towel. It began the year by announcing the closure of nearly half of its 900 outlets. The company had declared bankruptcy and was on the lookout for a buyer. Instead, pier 1 has closed all of its locations, putting an end to a firm that began in 1962 in San Mateo, California, with a single outlet selling baby boomers bean bag chairs, incense, and love beads.
Pier 1 Imports
New York & Co.
Following a disappointingly quiet holiday shopping season in 2019, New York & Co. began this year by announcing that it would close more than 25 of its outlets by early February. Shoppers spend more time on the online than in the stores, according to the women’s apparel and accessories business. Before the coronavirus appeared in early 2020, that was the diagnosis. However, there were only approximately 380 individuals remained at that point.
New York & Co.
Stein Mart
Several retailers have been harmed by the COVID-19 outbreak after decades in business. It lasted more than a century at Stein Mart, a discount department store business founded in 1908. The company, however, announced in mid-August that it had filed for bankruptcy and that “a large number, if not all, of its brick-and-mortar locations” would close. They are dispersed over 30 states and number over 280. Stein Mart offers affordable pricing on clothing, shoes, jewelry, beds, luggage, and even confectionery.
Stein Mart
AT&T
AT&T has announced the closure of 250 retail locations, including AT&T Stores and Cricket Wireless locations. According to the Communications Workers of America, the store closures will affect 1,300 people. According to CNN, AT&T intends to offer staff at the affected store’s other work-from-home possibilities within the firm. Just over two years ago, AT&T announced plans to open over 1,000 new outlets. At the time, the corporation had over 5,300 locations.
AT&T
Tuesday Morning
These are tough times, even for a deep-discount retailer whose stores frequently seem like they’re having going-out-of-business discounts. Tuesday Morning has filed for bankruptcy and will stage true liquidation discounts in the summer of 2020, as it prepares to liquidate roughly 230 of its almost 700 locations. “The protracted and unexpected closures of our stores in reaction to COVID-19 has had devastating implications on our business,” CEO Steve Becker states in a news statement.
Tuesday Morning
Family Video
Forget about Blockbuster, which only has one location left (in Bend, Oregon). Another video rental chain is still in operation, renting DVDs and Blu-rays, although many of its locations have the ending credits displayed. Family Video, the “biggest movie and game rental business” in the United States, is eliminating hundreds of sites, according to The Times of Northwest Indiana. There will be almost 300 persons left. “Recent developments have prompted us to make some difficult business decisions on its website,” the company said.
Family Video
Art Van Furniture
Art Van Furniture and Mattress businesses have long been a staple in the Midwest, but residents will have to adjust to life without them. Art Van filed for bankruptcy just a few days after the company announced in early March that it would close all of its company-owned storefronts in eight states. According to the company’s complaint, clients have been lost to Amazon and Wayfair as a result. “Despite our best efforts to stay open, a challenging retail market has taken a toll on the company’s brands and operating performance,” spokesperson Diane Charles said in a statement.
Art Van Furniture
Papyrus
“We’re sorry to see you depart,” says the greeting card, which is appropriate for this occasion. Papyrus, a high-end stationery and greeting card retailer with outlets across the country, has closed its doors. The chain’s 70-year-old parent business, Schurman Retail Group, filed for bankruptcy in January and announced that its locations will close. Papyrus, American Greetings, and Carlton Cards stores have closed in total, with 178 of them in the United States. The remainder is located in Canada.
Papyrus
Forever 21
Forever 21 is a behemoth of the “fast-fashion” business. The chain provides low-cost clothes that change frequently to stay current, and its enormous stores have become a favorite destination for teens looking for stylish stuff at a low price. However, because youthful customers are wondering whether Forever 21’s disposable clothes is healthy for the environment, the firm has been forced to declare bankruptcy and close down a piece of its business. “Forever” has come to an end for roughly 350 stores globally, including nearly 200 in the United States.
Forever 21
Modell’s Sporting Goods
If you’ve ever visited New York City, you’ve certainly heard of Modell’s Sporting Goods, which has nearly as many stores as subway stations. In Times Square, two Modell’s have been found within a block of one other. They are, however, closing, along with the rest of the company’s East Coast facilities. Modell’s announced the closure of 24 of its stores in February, but a few weeks later, the chain filed for bankruptcy and announced the closure of all of its locations from Massachusetts to Virginia.
Modell’s Sporting Goods
A.C. Moore
A.C. Moore, an arts and crafts store chain, has closed its doors. The shop, which was famed for its generous coupons and operated mostly east of the Mississippi, has closed its doors. Early in 2020, the company announced that it would close its doors. The first business in New Jersey was opened in 1985 by a man named Jack Parker. Up to 40 A.C. Moore art and craft establishments may have reopened as Michaels.
A.C. Moore
Wilsons Leather
Wilsons Leather, a company famed for its leather belts, shoes, handbags, gloves, and, most famously, jackets, is expanding its offerings. Wilson Leather outlets in the United States and Canada dropped from over 700 locations in the early 2000s. As a result, G-III Apparel Group, the parent firm, chose to close the remainder of them. In addition, G-III is closing 89 G.H. Bass shoe and apparel locations. The company’s “five worldwide power brands” include DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld, according to the company.
Wilsons Leather
Olympia Sports
In 2020, the game was over for half of the Olympia Sports outlets. This is a regional sporting goods retailer with locations in New England, New York, and the Eastern United States. JackRabbit, a retailer of sneakers, workout equipment, and sports apparel with outlets around the United States, bought the company last year. Liquidation sales began in November 2019 and extended into the new year because the agreement excluded 76 of Olympia Sports’ more than 150 stores.
Olympia Sports
Sur La Table
Sur La Table, a cookware shop, was heavily struck by the coronavirus outbreak, filing for bankruptcy and announcing intentions to liquidate over half of its 121 sites in early July. The rest of the company would be sold to a private equity entity. Sur La Table opened its doors in Seattle’s Pike Place Market in 1972. The firm’s founder, Shirley Collins, had a simple notion, according to the company “Make delicious food. It’s worth sharing. Do it frequently.” The chain offers in-store and online cooking classes in addition to selling kitchen and dining room supplies.
Sur La Table
Brooks Brothers
Selling suits and other expensive apparel to men and women was tough when many Americans worked from home in shorts and filthy polo shirts. Brooks Brothers’ bankruptcy filing and store closures extend back to 1818, and this is part of the saga. It is the United States’ oldest continuously operating garment brand. In its more than 200-year history, the business has never had to cope with anything like the coronavirus. Brooks Brothers, on the other hand, had been on the slide even before COVID-19, owing to permissive workplace dress requirements and the increased popularity of online purchasing.
Brooks Brothers
Earth Fare
Smaller organic food stores are learning that Whole Foods Market and its owner, Amazon, are unbeatable. As a result, Asheville, North Carolina-based earth Fare has chosen to give up the fight. The chain announced in early February that all 50 of its natural foods supermarkets in ten Southern and Midwestern states would close. The company then filed for bankruptcy just as going-out-of-business sales were getting begun. The original Earth Fare restaurant, which opened in 1975, was called Dinner for the Earth. It was replaced in 1993.
Earth Fare
Bose
Because it is no longer interested in maintaining brick-and-mortar stores, Bose is closing all 119 of its retail locations in North America, Europe, Japan, and Australia. Furthermore, the Bose website shows 50 facilities in the United States that will all close in the following months. Customers could test and sample the company’s products at the first Bose store in the United States, which opened in 1993. Bose, on the other hand, argues that its clients are increasingly doing their buying online.
Bose
Lucky’s Market
Another natural foods supermarket has thrown up the (recycled paper) towel after failing to compete with Whole Foods. Lucky’s Market, based in Colorado and famed for its slogan “Organic for the 99 percent,” filed for Chapter 11 bankruptcy in late January, announcing the closure of 32 of its 39 locations in ten states. The corporation planned to sell the remaining seven, according to media sources.
Lucky’s Market
CVS
CVS intended to close approximately two dozen of its drugstores in 2020, roughly half as many as it did in 2019. You’ll be able to find a CVS on practically every corner because there will be around 9,900 locations left. The MinuteClinic sites, which provide basic walk-in medical services, are the center of the local pharmacy and retail network. The clinics have been placed in almost 1,100 locations so far. If you need a flu vaccination, suspect a bladder infection, or want your cholesterol checked, you’ve come to the perfect place.
CVS
Hallmark
Hallmark Cards’ motto used to be “When you care enough to send the best.” Today’s issue, on the other hand, is that fewer individuals send greeting cards at all. The Hallmark name can still be available in over 2,000 card shops, according to the company’s website. However, according to reports in the media, more than a dozen would close in 2020. A 44-year-old Hallmark store in Evansville, Indiana, and Rich Schauer’s long-running Forest Park, Illinois, store are among them.
Hallmark
Nordstrom
Nordstrom, another department store operator, has decided to keep some of its coronavirus closures in place. The Seattle-based business, which was known for its great customer service and used to offer live piano music in its stores, has announced the closure of 16 of its sites across the US and Puerto Rico. The closures are part of a long-term goal to “strengthen its business,” according to a news release. There will be 100 Nordstrom stores left.
Nordstrom
Century 21
On HBO’s “Sex and the City,” Sarah Jessica Parker’s Carrie Bradshaw character termed Century 21’s Lower Manhattan store “the nicest part about jury duty.” The off-price fashion business has been a New York City tradition for nearly 60 years. However, that long run is coming to an end. Century 21 has filed for bankruptcy, and all of its stores will close. In a statement, co-CEO Raymond Gindi blames insurance providers for the chain’s downfall, claiming that they “have turned their backs on us at this most critical time,” referring to the epidemic.
Century 21
Bloomingdale’s
Bloomingdale’s, a high-end department store, was founded in 1861 and has a rich history. The chain, which has stayed relatively small over the years, is now owned by Macy’s Inc. Regrettably, it has shrunk much further. A Bloomingdale’s store south of Miami shuttered in mid-January, one of only 35 full-line Bloomingdale’s stores listed on the company’s website. Bloomingdale’s first opened in Miami in 1984, and it remained shuttered for more than a year after Hurricane Andrew decimated South Florida in 1992.
Bloomingdale’s
Stage Stores
National behemoths like Walmart, Target, and Kohl’s make it tough for regional inexpensive department stores to compete. Stage Stores, which owns Gordmans off-price stores as well as a bevy of other regional names including Bealls, Goody’s, and Peebles, is the latest retailer to realize this. On May 10, the company filed for bankruptcy and stated that all of its stores would permanently close. Stage Stores was hoping to get back on track financially after a poor holiday season in 2019 — but then came COVID-19, which caused the company to close for three weeks.
Stage Stores
Dressbarn
All Dressbarn sites will close by the end of 2019 as Ascena Retail Group focuses on its more successful brands including Ann Taylor, Loft, and Lane Bryant. Ascena sold Maurice’s brand to a private equity business earlier this year.
Dressbarn
Fred’s
This discounter and pharmacy, which had a strong presence across the Southeast, filed for bankruptcy in September and announced the closing of all of its facilities. Fred’s had already gone through multiple rounds of store closures this year, and there were fewer than 100 stores left when it chose to close down permanently.
Fred’s
Charming Charlie
In July, Charming Charlie declared bankruptcy, claiming an increase in the number of vacant stores, and announced the closure of all remaining sites. Following a round of 100 store closures in 2018, the jewelry and accessories retailer appeared in bankruptcy court for the second time in two years.
Charming Charlie
Party City
Late last summer, Party City added 10 more locations to a list of 45 stores due to close before the end of the year. Who is the main offender? One of the store’s core industries, balloon sales, suffered as a result of helium shortages and rising helium prices. In addition, 65 of the chain’s outlets in Canada are up for sale.
Party City
LifeWay Christian
Due to decreased foot traffic and revenues, LifeWay Christian, a faith-based bookshop, announced in March that it will close all of its 170 locations. The corporation, on the other hand, continues to offer its goods online.
LifeWay Christian