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Read on for the scoop on 12 restaurant chains that have already closed (or announced plans to close) locations in 2024.
Macy's plans to close 50 stores in 2024 and 150 locations in total by 2026. The department store chain will expand Bloomingdale’s and Bluemercury.
Several restaurants have been filing for Chapter 11 bankruptcy or closing stores in 2024, including Red Lobster, Hooters, Tijuana Flats and Alamo Drafthouse to name a few.
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 ...
In July 2024, the company announced that all Bob's Stores nationwide would permanently close as part of bankruptcy filing; some locations of sister store Eastern Mountain Sports would also close as part of the proceedings.
This article details the opening dates of Saks and Co. and Saks Fifth Avenue locations, providing insight into the historic and geographic expansion of the retailer. [1]
Macy's plans to close 50 stores in 2024 and 150 locations in total by 2026. The department store chain will expand Bloomingdale’s and Bluemercury.