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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 ...
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.
99 Cents Only Stores announced on April 4, 2024 that its 371 locations in the Western United States would begin to close. The COVID-19 pandemic, inflation, and shrink were cited as major reasons for the closure. The company had considered filing for bankruptcy prior to the announcement. Retailers A–D
Get the complete list of Macy's stores closing in 2021, along with information about the department store chain's three-year plan to close 125 locations in total. ... 800-290-4726 more ways to ...
Fifty U.S. stores and one in Canada are slated to close this year, the retailer's parent company L Brands said in an earnings report last week. Nearly all Bath & Body Works stores, which ...
The Pennsylvania-based drugstore chain Rite Aid announced on Sunday that it intends to close 154 of its stores as part of its recent bankruptcy filing and will be shuttering more throughout the...
States, territories, and counties that issued a stay-at-home order in 2020. State, territorial, tribal, and local governments responded to the COVID-19 pandemic in the United States with various declarations of emergency, closure of schools and public meeting places, lockdowns, and other restrictions intended to slow the progression of the virus.
Nike is closing its stores in the US, Canada, Western Europe, Australia, and New Zealand from March 16 through March 27 to limit the spread of COVID-19. Nike closing all U.S. stores in response to ...