#store-closures

#store-closures

Modella is backing Flying Tiger's existing management team along with their strategy, which includes global expansion via more than 700 new franchise stores by 2030. Joseph Price, managing director of Modella, said: "Flying Tiger Copenhagen is a hugely exciting opportunity for Modella Capital. With its strong retail brand, and a unique product offering that has built a loyal customer base across more than 40 countries, Flying Tiger Copenhagen is a business with tremendous potential. We are pleased to be investing in its future, and we look forward to working closely with the management team to provide the stability, capital and retail expertise the business needs to fulfil its growth plan."

Swatch have closed their stores in cities across the UK after hundreds of people queued outside branches eager to buy a new limited watch. The Swiss firm said it would not open its branches in the capital "in light of safety considerations for both our customers and our staff". Stores in Birmingham, Cardiff, Glasgow, Liverpool, Manchester and Sheffield will also remain closed.

As we continue investing to expand and enhance our retail stores and offerings worldwide, we remain deliberate about evaluating our existing locations to ensure that we can meet our customers' needs in the best way.

Albertsons is nursing a 'merger hangover' after the Federal Trade Commission blocked a $24.6 billion marriage to Kroger, leading to store closures across the country.

Business Insider reported on Monday that nearly 200 Eddie Bauer locations in the US and Canada are expected to close after the operating entity behind the stores failed to find a buyer during its Chapter 11 restructuring.

Shares of Dollar General Corp (NYSE: DG) fell more than 6% in premarket trading on Thursday following the report's early-morning release. And yet the discount retailer's financial results include figures such as a 5.9% increase year-over-year (YOY) in quarter-four, with net sales increasing to $10.9 billion.

These actions, alongside recent changes to our organizational structure to drive efficiencies, provide a strong foundation for our future. - Todd Penegor, President and CEO, describing the company's response to financial challenges through store closures and organizational restructuring.

Walgreens has announced that it will cut at least 628 jobs across two states, according to communications it sent to the states in question earlier this month. A Walgreens spokesperson confirmed the layoffs with Fast Company when reached for comment. News of the layoffs was first reported by Bloomberg. The job cuts include 469 positions in the company's home state of Illinois and 159 jobs in Texas, where the company is shuttering a distribution center.

Amazon said it is discontinuing Amazon One, its palm-authentication service, across all retail businesses. Users will be able to continue to use Amazon One at supported retail locations until June 3, though some locations may phase the services out before this date. The services will remain available to patients for check-in at healthcare locations until further notice. Amazon One enables users to use their palms for actions such as paying at a store, presenting loyalty cards, and entering sports venues.

Retailers such as Dollar General and Nordstrom Rack plan major store expansions in the US in 2026. Store openings are outpacing closures so far, with nearly 300 closures announced for 2026. From Uniqlo to L.L. Bean, see what retailers have said about plans to open new stores next year.

There was no forever in store for Forever 21's US stores. The same goes for fellow bankrupt companies Joann Fabrics and Party City, which joined the fast-fashion brand in closing their brick-and-mortars over the past year. We experienced another slaughter for physical stores at large in 2025 as inflation and high operational costs ate away at profit margins and shoppers continued to purchase from their couches. Tween favorite Claire's, department stores Kohl's and Macy's, and discount retailer Big Lots were also victims.

Earlier this month, when a sudden swirl of social media rumors began to suggest that the polarizing bakery chain was closing down, some of the online reactions were downright gleeful. "Too sweet and too expensive!" went one typical comment. The chatter was so loud that Crumbl cofounder Sawyer Hemsley took to TikTok to dispel the rumor, explaining that the fast-growing chain is just moving offices as it prepares for its next wave of expansion.

The Decatur staple, which opened in 1996, has been sold for nearly $1 million by the Shumacher Group. The restaurant's patron, Ben Kori, has purchased the 4,800 square foot place, according to Tomorrow's News Today. Raging Burrito's original owner, Scott Herman, says he is retiring and took care in choosing the next owner. There is no word on Kori's plans for the future of the restaurant.

An uncertain economic environment has led some consumers to be more selective about where they spend their money. As a result, some are reaching for cheaper styles - fast-fashion retailers like Shein took market share from competing brands in 2024, according to data and analytics company GlobalData - or buying secondhand clothing. Many retailers and restaurants, such as baby apparel brand Carter's and department store chain Macy's, have been shuttering stores.

"Our first priority is clear. We need to clean out the garage of underperforming assets," executive chairman Ed Stack told investors during Dick's third-quarter earnings call. "This means clearing out unproductive inventory, closing underperforming stores, and rightsizing assets that don't align with our go-forward vision for the Foot Locker business." Stack said that while the business shows significant promise, Foot Locker's prior leadership did not respond appropriately to market changes, including Nike's decision to shift a greater portion of its business to direct-to-consumer sales.

I wish I could sit, but if I do, someone may try to take my place, or think that I'm cutting the line,