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Chico's FAS closed 120 stores by 2017 and another 50 stores closed by 2018. [79] The company announced a further 40 store closings in June 2022. [80] The Children's Place announced on June 11, 2020, that 300 stores across the United States, Canada, and Puerto Rico would be closing in the following months. [81]
Just for Feet – bankrupt in 1999, acquired by Footstar, final stores closed in 2004. MC Sports – filed for bankruptcy and closed in 2017. Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores.
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
In April 2017, rue21 announced plans to close around 400 stores, part of an American retail phenomenon of store closings known as the retail apocalypse. [12] On May 16, 2017, rue21 filed for Chapter 11 bankruptcy protection, and emerged on September 22, 2017, after reorganization plan approval by the U.S. Bankruptcy Court for the Western ...
Es de Velasco (High-end, department store, founded in 1939, acquired by González Padín, closed in 1995.) New York Department Stores (Founded in 1931, acquired by the Melville Corporation in 1994, most stores turned into Marshalls .) Pitusa (Discount, department store, founded in 1976, bankrupt in 2014.)
List of Canadian retail closures (21st century) Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada .
Retailers are closing thousands of stores following years of declines in sales and customer traffic. More than 6,300 stores are shutting down -- here's the full list Skip to main content
Bob's Stores was a chain of retail stores in the northeastern United States owned by GoDigital Media Group. Founded as Bob's Surplus in Middletown, Connecticut , by Robert "Bob" Lapidus in 1954, the chain expanded gradually until it was acquired by Melville Corporation and has been reacquired five more times since then.