bluwmongoose

The Limited To Start Layoffs At Corporate Offices; Could Start Winding Down Business

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]

(Gustavo Devito)

Gap To Close Banana Republic Stores In The UK

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]

Mike Mozart

Macy’s To Open LensCrafters Shops Inside 280 Stores By The End Of 2017

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]

kaleidoscopist

Macy’s Closing 100 Stores In “Re-Creating” Its Portfolio, Attempt To Find Profits

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]

frankieleon

Office Depot To Close 300 More Stores, Expand “Store Of The Future” Pilot

There will be 300 fewer Office Depot stores in the U.S. by the end of 2019 as part of the office supply chain’s attempt to cut costs and move on from its failed billion-dollar merger with Staples.  [More]

Laura Northrup

Sports Authority Stores Closing Early Because People Actually Bought Things At Liquidation Prices

If Sports Authority’s management ever wondered whether its pricing was appropriate, it now has the answer, thanks to the company’s going-out-of-business sales: customers flocked to the chain once everything was marked down. Employees of stores near the chain’s headquarters in the suburbs of Denver told the Denver Post that the sales attracted lots of customers, and merchandise sold out more quickly than anticipated. [More]

No, The Deals At Store Closing Sales Are Often Not That Great

No, The Deals At Store Closing Sales Are Often Not That Great

When the bright “store closing” signs go up outside of a store that’s being liquidated, that’s meant to attract shoppers in search of deals. The problem, though, is that liquidation sales mean first marking items up to their original retail price, then gradually lowering them, meaning that prices are higher than they were when the “liquidation” started. [More]

Mike Kalasnik

Here’s The List Of Aeropostale Stores That Are Closing

Whether it was market conditions or the behavior of their lenders that drove Aeropostale into bankruptcy, the teen-oriented clothing retailer has difficult decisions to make about which stores to keep and which to close. They’ve already decided on a preliminary closing list. [More]

s'kat

The Fresh Market Closing All Stores In Iowa, Kansas, Missouri, & Texas

Grocery shoppers in the heartland will have one fewer store to choose from starting next week: The Fresh Market will close all of its stores in Texas, Iowa, Missouri, and Kansas.  [More]

Why Are So Many Sporting Goods Stores Going Bankrupt?

Nicholas Eckhart/Edwin Ruskin Nordrike Parker

196. That’s the number of sporting goods stores that are set to close after two retail companies filed for bankruptcy in recent weeks. While the failures of Vestis Retail Group — the operator of retailers Eastern Mountain Sports, Sport Chalet, and Bob’s — and Sports Authority were accelerated by mountains of debt both incurred in recent years, there’s more at work when it comes to the apparent demise of sporting goods retailers.  [More]

Edwin Ruskin Nordrike Parker

Another Sporting Goods Company Files For Bankruptcy; All Sport Chalet Stores Closing

With the dust just beginning to settle surrounding the bankruptcy and 140-store closure of sporting goods retailer Sports Authority, another, albeit smaller, outdoor gear retailer is following suit. Vestis Retail Group, the operator of brand Eastern Mountain Sports, Bob’s Stores, and Sport Chalet, officially filed bankruptcy papers today, outlining a restructuring plan that focuses on closing 56 stores.  [More]

dan macy

Owner Of Jos. A. Bank, Men’s Wearhouse Closing 250 Stores This Year

The retirement of Jos A. Bank’s long held “buy-one-get-three-free suits” sales apparently did nothing to help parent company Tailored Brands spur sales in the last year. In fact, the company, formerly known as Men’s Wearhouse, says it lost $1 billion in 2015. As a result, it now plans to shutter 250 of its men’s clothing stores, including all Jos A. Bank and Men’s Wearhouse outlets.  [More]

(Jim Chambers)

Staples To Close 50 Stores In Preparation For Life With Or Without Office Depot

As it awaits the final verdict from regulators on its pending billion-dollar purchase of rival office supply chain Office Depot, Staples is preparing to go it alone by announcing plans to shutter at least 50 of its own stores in order to slow declining sales.  [More]

(Nicholas Eckhart)

Report: Sports Authority To File For Bankruptcy As Early As Next Month

A week after Sports Authority told employees it would close all of its Texas locations, the sporting goods retailer appears to be on the brink of filing for bankruptcy protection and closing nearly half of its stores.  [More]

(PROMorton Fox)

Sports Authority Reportedly Closing All Texas Stores

One of the nation’s largest sports retailers is reportedly getting a bit smaller, as Sports Authority is reportedly set to close several stores, including all locations in Texas.  [More]

Starbucks Transitioning Three Teavana Tea Bars To Coffee Shops, Closing Another

When you think of Starbucks, you probably picture a cup of coffee, but the chain also operates several similar tea shops. Or at least it did. Starbucks announced Friday that it would transition three Teavana tea bars in New York into coffee shops and close a fourth location in California. The Teavana bar in Seattle, as well as 350 retail-only stores will remain open. Starbucks purchased the Teavana brand in 2012. [Starbucks]

(Nicholas Eckhart)

JCPenney Closing 7 Stores By Mid-April

History appears to be repeating itself at JCPenney this week. Just days after the retailer announced its same-store sales were up through the holiday season, the company tempered that good news by unveiling plans to close several stores… again.  [More]

Macy’s Will Close 40 Stores This Spring: Here’s The List

Macy’s Will Close 40 Stores This Spring: Here’s The List

Three months after Macy’s said it would likely shutter dozens of stores in the first months of 2016, the retailer has solidified its plan. [More]