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]
store closing
Sports Authority Stores Closing Early Because People Actually Bought Things At Liquidation Prices
By 7.20.16
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
By 5.19.16
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]
Here’s The List Of Aeropostale Stores That Are Closing
By 5.4.16
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]
The Fresh Market Closing All Stores In Iowa, Kansas, Missouri, & Texas
By 5.4.16
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?
By 4.19.16
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]
Another Sporting Goods Company Files For Bankruptcy; All Sport Chalet Stores Closing
By 4.18.16
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]
Owner Of Jos. A. Bank, Men’s Wearhouse Closing 250 Stores This Year
By 3.10.16
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]
Staples To Close 50 Stores In Preparation For Life With Or Without Office Depot
By 3.4.16
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]
Report: Sports Authority To File For Bankruptcy As Early As Next Month
By 2.24.16
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]
Sports Authority Reportedly Closing All Texas Stores
By 2.17.16
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
By 1.22.16
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] [More]
JCPenney Closing 7 Stores By Mid-April
By 1.13.16
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
By 1.7.16
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]
Times Square Toys’R’Us Is Full Of Empty Shelves And Sadness
By 12.30.15
Earlier this year, we learned that the huge flagship Toys”R”Us store in New York City’s Times Square would be closing after the toy-centric holiday of Christmas. Today, the store still stands, full of empty shelves and sadness. Also, there’s still a big Star Wars display. [More]
Macy’s To Close Dozens Of Stores In Early 2016
By 9.9.15
Just hours after Macy’s announced it would begin selling consumer electronics through Best Buy outlets in some of its stores starting this fall, the company announced it would also shutter dozens of underperforming locations beginning next year. [More]
American Apparel Says It Doesn’t Have Enough Financing To Continue Operations Next Year
By 8.12.15
Between lawsuits, investigations and pressure from investors, American Apparel has its fair share of troubles over the past year and a half. But things don’t look to be getting any better for the retailer, as it announced today it doesn’t have enough financing to continue operations for another year. [More]
American Apparel Closing Some Stores, Launching New Line In Turnaround Effort
By 7.6.15
For much of the past year, American Apparel has been embroiled in a public dispute — and several lawsuits — with founder Dov Charney. It appears that problems for the retailer aren’t just confined to the former CEO’s alleged bad behavior, as the company announced it would undergo a $30 million cost-cutting effort in an attempt to return to its former funky glory. [More]
