Macy’s To Close 45 Stores In 2021, Including Chicago Flagship
Macy’s is closing 45 of its stores this year, including its Water Tower store on Chicago’s Magnificent Mile, as part of a previously announced initiative.
store closings
Lord & Taylor Files Chapter 11
On August 2, Le Tote, Inc. and certain of its subsidiaries including Lord & Taylor, filed for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Eastern District of Virginia. The company will simultaneously solicit bids for a going concern sale of both its Le Tote and Lord + Taylor businesses, and conduct targeted store closing sales.
Report: Store Closures Increase But General Merchandise Channel Gains
A Coresight Research Insight Report asserts that major retailers in the U.S. have announced 7,567 store closures so far this year compared with 5,524 stores all of last year, but it isn’t all bad news.
hhgregg To Close 88 Stores
With rumors of a possible bankruptcy filing swirling, hhgregg has announced plans to shrink its store count as part of its turnaround efforts.
Macy’s To Close 100 Stores
With Macy’s sales and earnings continuing to decline over the last few quarters, the department store retailer said it would close 100 stores and boost e-commerce and other omnichannel and strategic initiatives to reinforce its performance.
Sears Holdings To Close 78 Stores This Summer
Sears Holdings will close 68 Kmart and 10 Sears stores this summer as the retailer continues to look for ways…
Sears Slides In Q4, Weighs New Spending And Store Cuts
In its update on the fourth quarter, Sears Holdings Corp. said it expects comparable store sales at its namesake stores…
Macy’s Closing Up To 40 Stores
To optimize the omnichannel approach taken to its retail business, Macy’s plans to close 35 to 40 underperforming stores in…
Target To Close 11 More Stores
Target Corporation announced that it will close 11 locations as of February 1, 2015, a decision made after careful consideration…
Report: Sears Holdings Closing More Than 100 Locations
More than 100 stores operated by Sears Holdings will be closing in the weeks ahead, according to a report on…
J.C. Penney To Close 33 Underperforming Stores, Eliminate 2K Positions
As part of its turnaround effort, J.C. Penney Co., Inc. announced that it would close 33 under-performing stores across the…