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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.
Dickins & Jones. Dillons the Bookstore. Dingles (department store) The Discovery Store. Dixons Retail. Do It All. Doggarts. Dolcis Shoes. Ducker & Son.
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 ...
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Ray-Ban is a brand of luxury sunglasses and eyeglasses created in 1936 by Bausch & Lomb. The brand is best known for its Wayfarer and Aviator lines of sunglasses. In 1999, Bausch & Lomb sold the brand to Italian eyewear conglomerate Luxottica Group for a reported $640 million.
Poundland, a supermarket chain selling all items for £1, opens its first store at Burton-upon-Trent, Staffordshire. [33] Netto, a Danish discount food supermarket chain, launches its first UK store in Leeds. The sharpest rise in unemployment since 1981 has taken it to more than 1,700,000, with 155,000 jobs having been lost in Britain since April.
Carrabba’s was actually a bright spot, with same-store sales up 2.5%. The stock price for Bloomin’ rose more than 6% in the past five days, topping $28 at one point.
As NBC News reported, the chain operated 2,253 stores as of Sept. 3. The states most affected by the closures are Pennsylvania (39 stores), California (31 stores) and New York (20 stores).