It’s out with the old — or underperforming — and in with the new at Gap. In a bid to turn around sales and get people into stores, the mall staple says it will close about 200 Banana Republic and Gap locations, while opening 270 Old Navy and Athleta stores over the next three years. [More]
store closing
Perfumania Files For Bankruptcy, Plans To Close 64 Stores
By 8.28.17
You’ll soon have fewer stores to scoop up a bottle of perfume or cologne at a lower price: Discount fragrance retailer Perfumania has filed for bankruptcy and outlined plans to close dozens of stores. [More]
Michael Kors To Close 100 to 125 Stores
By 5.31.17
Last year, Michael Kors pulled back on its department store presence and stopped accepting coupons for its merchandise in those locations in order to polish its brand and increase sales, but those changes have apparently only harmed the brand’s value. Now, the luxury accessories retailer is prepping to close at least 100 of its stores. [More]
Gander Mountain Advertises That All Stores Are Closing, But They Aren’t
By 5.8.17 — Updated: 5.15.17
Customers of bankrupt outdoor goods retailer Gander Mountain are understandably confused. The the company’s website says all locations are closing, but the CEO who just bought the retailer says that’s not quite true. So are they closing or not? [More]
Rue21 Closing 400 Stores, Focusing On Online Sales
By 4.17.17
Teen retailer Rue21, which has been the subject of recent bankruptcy rumors, has decided to shutter 400 stores and put more of its attention to online sales. [More]
Reminder: Liquidation Sales Offer Terrible Deals, Bad Return Policies
By 4.14.17
They draw you in with brightly colored signs at street corners, promising discounts of “up to” some very promising number. A record number of retail bankruptcies and store closings mean that there have been a record number of store closing sales so far this year. Yet if you’re looking for actual deals, you should stay away from liquidation and store closing sales. Here’s why. [More]
JCPenney Postpones Store Closings Because People Are Shopping There Again
By 4.13.17
Two months after JCPenney announced it would shutter 138 stores across the country amid falling sales, the company says it is delaying those closings as customers have apparently started shopping with the retailer again. [More]
Here’s How Macy’s Is Trying To Lure Shoppers
By 3.24.17
Despite the closure of dozens of stores and an all-but-dead takeover deal, Macy’s isn’t quite ready to throw in the ol’ retail towel. Instead, the company is focusing on the future, implementing new services, revamping store features, and revising coupons in a bid to bring in shoppers. [More]
Family Christian Closing All 240 Stores
By 2.27.17 — Updated: 3.14.17
After 85 years in business, Family Christian is closing for good, shutting down all 240 of its retail stores. [More]
One Closing Macy’s Is Selling Off Its Terrifying Animatronic Holiday Decorations
By 2.22.17
Has your home been missing something, but you just can’t put your finger on it? Would a giant, animatronic elf, a pair of ballet dancers, or donkeys do the trick? If so, then Macy’s has a deal for you: The struggling retailer is selling seasonal displays that were once used at its soon-to-be-closed downtown Minneapolis store. [More]
BCBG Max Azria Closing 120 Stores, Reportedly Looking At Bankruptcy Options
By 2.8.17
Following a trend set by Macy’s, Wet Seal, The Limited, and others, mall mainstay BCBG Max Azria plans to close 120 stores at shopping centers around the country, and may file for bankruptcy protection. [More]
Where Do Customers Go When Their Department Store Closes?
By 2.7.17
This year, more than 150 locations for Macy’s and Kmart will close their doors forever. When these stores shut down, where do their former customers take their business? [More]
Here Are All Of The Kmart, Sears, And Macy’s Stores Closing This Spring
By and 1.5.17
It’s shaping up to be quite a depressing spring for a few retailers, after Sears Holdings announced it would be shutting down 150 Kmart and Sears stores in the next few months, and Macy’s notifying customers that 68 stores would close. Here is the list of all the stores that will be turning off the lights for good, where they are, and when they’re closing. [More]
The Limited To Start Layoffs At Corporate Offices; Could Start Winding Down Business
By 12.2.16
Two weeks after retailer The Limited announced it would explore its options, including a possible sale, the mall staple has begun notifying employees at its corporate offices that they could be out of a job and the company as a whole could close. [More]
Gap To Close Banana Republic Stores In The UK
By 10.18.16
Mall stalwart Gap’s rough year — including a distribution center fire, store closures, and a “too normal” clothing line — is getting a bit rockier, as the company announced it will soon close most of its Banana Republic-branded stores across the pond. [More]
Macy’s To Open LensCrafters Shops Inside 280 Stores By The End Of 2017
By 10.12.16
Macy’s is no stranger to the store-within-a-store concept, having already teamed up with Best Buy and Sunglass Hut to set up dedicated areas for the retailers to sell their products inside the department store. Now, the company is taking that same concept further in a deal with LensCrafters to sell eyeglasses, contacts, and other vision products. [More]
Macy’s Closing 100 Stores In “Re-Creating” Its Portfolio, Attempt To Find Profits
By 8.11.16
Seven months after Macy’s announced it would close 40 stores this past spring, the department store has outlined a plan to “re-create” its portfolio by shuttering 100 additional stores. [More]
