Macy's plans to close about 150 of its stores over the next three years as part of a strategy change. The retailer's new policy now leans more heavily on luxury chains Bloomingdale's and Bluemercury, FOXBusiness reports. The company announced this publicly on February 27, noting...
Fast food giant Burger King will have to close up to 400 locations across the country this year, according to the DailyMail. Following the announcement of the company's first-quarter results, CEO Joshua Kobza said the chain plans to close 2023 to…
Rite Aid announced on December 21 that it is closing 63 more stores to save about $ 25 million a year, according to CNN. After years of over-expansion, Rite Aid and other giant American drugstore chains are struggling. For the last few year s…
Grocery stores across New Mexico have been forced to close for two weeks due to a decree issued by Gov. Michelle Lujan-Grisha in response to the COVID-19 situation. The state is currently experiencing record high unemployment and food insecurity. Closing details ...
As of Aug. 9, 424 companies had filed for bankruptcy, giving the U.S. its highest annual total in a decade, according to S&P Global Market Intelligence. Business Insider writes about this. More than 100 of these companies are large retailers. These…
Some shops and restaurants are closed forever, writes GOBankingRates. On July 8, Brooks Brothers became the latest company to file for bankruptcy during 2020, a financially violent year for many businesses. The retailer announced the closure of 51 stores as a result of ...
The JC Penney chain has again updated its list of closing stores - it now includes 136 locations. Sales begin on Wednesday, June 17, with discounts ranging from 25% to 40% off original prices. All sales will be final after June 25th, USA writes...
Representatives of JC Penney said they plan to close almost 29% of stores - or 242 outlets - as part of their bankruptcy, USA Today writes. Days after filing for bankruptcy, JC Penney officials said they planned to close more...
Macy's plans to close 125 stores over the next three years and cut thousands of corporate jobs, Business Insider said in an official statement on February 4. The store closure plan covers about a fifth of the company's retail locations. Macy's ...
In 2016, Macy's said it would close 100 stores after reporting declining sales for six consecutive years. Since then, the chain has closed such locations as their leases expire. In early 2020, the retailer will close at least 15 ...