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Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [36] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
The move will help the company complete an "expedited restructuring" to reduce its debt that should be done by the second quarter of 2023. On January 27, 2023, Bed Bath & Beyond announced that it would be closing all Harmon Face Values stores due to the COVID-19 pandemic impacting it business and supply chain issues.
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 ...
JCPenney. In May 2020, JCPenney announced plans to close 175 locations in 2020 and 2021. Those stores span 38 states; the company says 670 stores remain in the U.S. and Puerto Rico. JCPenney was ...
On March 1, 2023, three years after the New York City's first recorded case, the city reached a settlement in a lawsuit filed by four FDNY EMS personnel who had alleged violation of their federal free speech and due process rights for their persecution after speaking out to reporters about harsh work conditions and an overall lack of protective ...
In fact, the delinquency rate has been steadily rising since 2021, and is now above pre-pandemic levels. ... Of course, Gen Z card holders tend to have lower limits due to shorter credit histories.
The Lord & Taylor store in Boston's Back Bay after the announcement that the company had filed for Chapter 11 bankruptcy. Lord & Taylor's stores were forced to close due to executive state orders by the local and state governments on non-essential retail by Wednesday, March 18, 2020, due to the COVID-19 pandemic in the United States.
Panic buying at a grocery store in Claremont, California on March 13. March 13: San Joaquin County reported 5 more cases on March 13, increasing the number to 8. [73] The San Joaquin County Department of Public Health declared a Public Health Emergency, causing all schools within the county to close until April 6. [74]