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It may be time to say goodbye to your local Macy's. The department store chain has announced plans to close approximately 150 stores across the country through 2026, including 50 locations this ...
In January 2024, Sycamore Partners requested to purchase the struggling Macy's company. [72] In February 2024, Macy's announced that up to 150 underperforming stores would close by the end of 2026, with 50 stores closing by the end of 2024. Macy's stated that the closing stores only represented 10% of its total sales.
Since the start of 2024, a wide variety of chains—from popular cookie chain Crumbl to Tex-Mex spot Tijuana Flats—have closed multiple locations. In some cases, the closings are directly tied ...
Retrieved 21 July 2023. ^ ab Joe Ciolli, Best Buy is the latest victim of the retail apocalypse as pressure from Amazon sends shares plunging 10% Archived 2018-02-11 at the Wayback Machine Business Insider September 19, 2017. ^ "Best Buy to close all 250 of its smaller, mobile phone stores".
On July 23, 2024, Conn's announced that it would close up to 106 stores across from the Conn's and Badcock brands. 71 Conn's stores and 35 Badcock stores are set to close by the end of summer 2024. [7] That same day, Conn's filed for Chapter 11 bankruptcy protection in Texas, listing assets and liabilities of between $1 billion to $10 billion. [8]
Dollar Tree announced on March 13 it would close 600 Family Dollar stores in the first half of fiscal 2024, and 370 additional stores as their leases expire, according to a press release. Dollar ...
Kona saw a 14% drop in customer traffic and a 9.7% drop in same-store sales during the first few months ... and a 5% drop in retail sales. ... 10 Restaurant Chains Closing Locations In 2024. 8. ...
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 ...