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Retailers are closing thousands of stores following years of declines in sales and customer traffic.
The retailer recently provided a full list for stores impacted by the move, and customers can expect stores to begin liquidating their inventory in April.
List of retailers affected by the retail apocalypse The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic. [1] [2]
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic. [2] [3] In 2017 alone, more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the face of rising ...
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.
Target is closing 12 stores in nine states. The stores are set to close in February. More than 6,300 store closures have been announced so far in 2017.
The closings will bring the company's store count to less than 1,140, down from 2,073 five years ago.
List of defunct department stores of the United States This is a list of defunct department stores of the United States, from small-town one-unit stores to mega-chains, which have disappeared over the past 100 years. Many closed, while others were sold or merged with other department stores .
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