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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 ...
These combined closures amount to about 29% of the brand's stores. The parent company divested itself of La Senza in January 2019, which was further affected by the retail apocalypse. [ 303] Vitamin World, a retailer of vitamins and health supplements, filed for Chapter 11 bankruptcy on September 12, 2017.
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.
Toys "R" Us in Macy's Philadelphia flagship, February 4, 2024. Toys "R" Us[ nb 1] is an American toy, clothing, and baby product retailer owned by Tru Kids (doing business as Tru Kids Brands) and various others. The company was founded in 1948; its first store was built in April 1948, with its headquarters located in Parsippany-Troy Hills, New ...
A retail apocalypse that started in the 2010s made the dead mall situation even more noticeable, due to the complete closing of several retailers, as well as anchor tenants Macy's and JCPenney closing many locations and the sharp decline in Sears Holdings.
Companies are ordered by net income from retail operations in millions of US Dollars in FY 2020. [1] Carrefour S.A. was excluded from 2020's report at the company’s request. The list does not include Wakefern Food Corporation with revenue of US$ 16.3 billion in 2017.
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.
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