The decrease in foot traffic to malls claimed yet another victim: Vitamin World has filed for bankruptcy and outlined plans to close dozens of stores. [More]
Closing Stores
GameStop Closing At Least 150 Stores This Year Amid Falling Sales
By 3.24.17
Efforts by GameStop to drum up business — through the phenomenon that was Pokemon Go and diversifying its portfolio by acquiring more than 500 new AT&T dealer stores — were no match for consumers’ changing preference for digital downloads over physical copies. To that end, the struggling retailer will close at least 150 stores by the end of the year. [More]
Ruby Tuesday Seeking Buyer, Merger Partner After Continued Declining Sales
By 3.14.17
Last summer, Ruby Tuesday revealed plans to close nearly 100 underperforming stores as part of the chain’s “Fresh Start Initiative” that aimed to turn around slumping sales. Those efforts apparently haven’t been as successful as the restaurant brand would have liked, and now it’s looking to sell itself instead. [More]
McDonald’s Closing More Stores Than It’s Opening For First Time In At Least 40 Years
By 6.18.15
For the past several months McDonald’s and its new CEO Steve Easterbrook have attempted to initiate a turnaround for the slumping Golden Arches including earmarking nearly 700 stores for closure. As a result of those measures the company’s footprint is expected to shrink for the first time in nearly four decades. [More]
Women’s Formalwear Retailer Caché Files For Bankruptcy, Closing Some Stores
By 2.4.15
Women’s specialty retailer Caché announced Wednesday that it would be joining Wet Seal, Jones New York and DEB on the growing list of companies filing for bankruptcy or closing their stores in 2015. [More]
Dollar Store Bubble Bursting? Family Dollar Closing 370 Stores, Cutting Prices
By 4.10.14
Once upon a time, dollar stores were living the high life, enjoying increased revenue and making plans for expansion. Okay, that was just a year ago, but still, a lot can change in a year. And that’s definitely the case for Family Dollar, whose recent revenue drop has executives taking some pretty serious action. [More]
