#store-closures

#store-closures

New York City's drugstore closures surged to nearly 10% this year, emphasizing a troubling trend that extends over the past decade.

Party City is closing all stores and ceasing operations due to financial issues and changing consumer shopping habits.

Macy's struggles to recover in the retail market as it faces declining sales and unsuccessful cost-cutting strategies, signaling a long-term decline.

Big Lots is conducting going-out-of-business sales after failing to finalize a sale agreement post-Chapter 11 bankruptcy filing.

Big Lots' newly proposed deal could preserve 200-400 stores and thousands of jobs following an earlier failed rescue attempt.

Party City and Big Lots are closing down all their stores due to bankruptcy filings, signaling significant retail challenges in the discount sector.

Walgreens plans to close 1,200 stores in three years, with significant closures driven by profit decline and changing consumer behavior.

The decline of foot traffic and rise of e-commerce have caused many traditional retail stores to close permanently.

7-Eleven is closing 444 underperforming stores to adapt to inflation and shifting consumer behavior.

In 2024, numerous businesses faced bankruptcy due to changing consumer habits and prioritization of essential purchases.

Retailers like The Container Store, Party City, and Big Lots face significant challenges, including bankruptcy, store closures, and declining consumer spending amid inflation.

In-person sales rose 2.9% this holiday season, showing a strong comeback for physical retail.

Shoppers are projected to spend record amounts on holiday shopping with $989 billion expected this year.

Party City is closing all stores nationwide, marking the end of its operations, including locations in New York City.

Party City is permanently closing all stores by February 2025, ending its legacy of party supply provision.

Big Lots is closing all its stores after filing for Chapter 11 bankruptcy, marking the end of a significant discount retail presence.

Big Lots is closing 75 stores in California, totaling 315 nationwide closures due to economic challenges.

Franchise Group is closing American Freight amidst bankruptcy filings to strengthen other brands and reduce debt.

Ted Baker is closing all physical stores in the UK and Ireland due to significant financial difficulties, impacting over 500 jobs.

LL Flooring is winding down operations and closing all stores, resulting from bankruptcy and a challenging economic environment.

Rite Aid is closing additional stores as part of its bankruptcy exit strategy.

Red Lobster continues to close underperforming locations to stabilize its finances after filing for bankruptcy.

LL Flooring is winding down its operations after failing to find a buyer and has filed for Chapter 11 bankruptcy.

Party City is closing all U.S. locations while Canadian operations will continue unaffected.

The closures follow a recent exit from bankruptcy and major debt cancellation.

Foxtrot and Dom's Kitchen & Market merger leads to bankruptcy and store closures.

Macy's is closing 65 underperforming locations as part of a strategy to enhance profitability.

The retailer reported a slight overall decline in net sales despite some growth in specific categories.

Macy's impending closure looms over Union Square's tree-lighting ceremony, possibly marking the end of an era for the iconic store.

Macy's is cutting 2,350 jobs and closing five stores as part of its efforts to streamline operations and increase profitability.

The company is implementing more automation services and eliminating management roles to adapt to an ever-changing consumer and marketplace.

Macy's will close its Kingston store in early 2025 as part of a plan to improve profitability and customer experience.

Macy's is focusing on both remodeling successful locations while closing down underperforming stores as part of a new strategy.

Macy's is closing 150 underproductive stores, 50 to close this year, including the massive San Francisco Union Square store.

Macy's seeks a buyer for the 400,000-square-foot Union Square property, reassures store will remain open during transition.

Walgreens plans to close 1,200 U.S. stores over three years to recover from significant losses and improve financial performance.

Walgreens plans to close 1,200 stores as part of a turnaround strategy against competition and unprofitability.

Walgreens will close 1,200 stores in the US over the next three years due to major financial losses.

Walgreens plans to close 1,200 stores amid a turnaround strategy focusing on cost-cutting and addressing unprofitability.

Walgreens' overexpansion and acquisition of Boots have led to financial instability, including dividend cuts and store closures.

Walgreens plans to close 1,200 stores to recover from significant losses and focus on improving its business model.

Advance Auto Parts will close over 700 stores to improve its business performance amid disappointing earnings.

Advance Auto Parts is closing more than 500 stores to improve business performance amidst declining sales and financial losses.

Advance Auto Parts will close over 700 stores nationwide, including several in Oregon, as part of an operational restructuring.

American Freight is shutting down all California locations due to economic challenges impacting the home goods industry.

Store-closing sales have begun nationwide as part of the liquidation process.

Big Lots plans to close up to 315 stores due to lagging sales and high debt, with Florida seeing 26 closures.

America's drug stores are closing locations due to over-expansion, competition, and an unsustainable pharmacy model. This is marked by significant store closures across major chains.

Sainsbury's is integrating Argos into supermarkets, closing standalone stores to enhance convenience and service for customers.

The Starbucks store at 120 4th St. in San Francisco's SoMa neighborhood will close permanently on Nov. 8 due to business evaluations.

Wendy's is closing 140 outdated stores to pave the way for strategic growth and improved profitability through a major redesign.

The closures will leave Wendy's growth count flat for 2024 but set the stage for faster future expansion.

Body Shop closing 75 more shops, 489 job losses

Administrators aim to preserve brand through heavy restructuring.

116 UK Body Shop stores to remain open, 75 to close with 489 jobs lost

The Body Shop hired administrators due to financial challenges and difficult trading environment

The Body Shop plans to close 75 stores in the next six weeks, resulting in the loss of 489 jobs.

Administrators are focusing on restructuring to stabilize the business and ensure a long-term sustainable future for the iconic brand.

The Body Shop, known for its distinct scents, is reportedly appointing administrators after being acquired by private equity firm Aurelius Investment.

The move to appoint administrators is typical when a private equity firm needs to make a profit and cut losses in a short period of time.

75 stores in the UK closing within six weeks, including six in south London.

The Body Shop founded in 1976 promoting ethical consumerism.

The Body Shop is closing several branches in London, part of a larger national shutdown plan.

Administrators plan to focus on online sales and wholesale strategies after closing stores.

The Body Shop is closing nearly half of its UK branches following financial challenges and administration.

The closure of branches and job cuts are part of a restructuring to create a more financially stable UK business.

The Body Shop is closing seven of its stores, including four in London, due to falling into administration.

Around 270 head office jobs will be cut, leaving 400 workers at the London headquarters, and around 1,500 workers across UK shops may face redundancy.