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 August 9, 424 companies filed for bankruptcy, according to S&P Global Market Intelligence, allowing the United States to reach its highest annual rate in a decade. Business Insider writes about it. 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 ...
JC Penney has once again updated the list of closing stores - now it has 136 locations. Sales start on Wednesday June 17th with discounts ranging from 25% to 40% off original prices. All sales will be final after June 25, writes USA ...
Representatives of JC Penney said they plan to close almost 29% of stores - or 242 outlets - as part of their bankruptcy, writes USA Today. A few days after filing for bankruptcy, representatives of JC Penney said they plan 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 ...
Some of the most prominent US retailers have filed store closings or bankruptcy in recent months amid falling sales. The rise in the number and popularity of e-commerce stores such as Amazon made it difficult for traditional retailers to attract shoppers to stores and forced companies to change ...
Most Americans have favorite stores that they want to visit again and again. Unfortunately, some of them may soon close for good. Retailers can't compete with e-commerce and this is painful not only for business owners and employees, but ...
The staggering speed of store closings that have rocked U.S. retail over the past couple of years will continue into 2019. According to CoStar Group estimates, retailers closed a record 102 million square feet of retail space in 2017 and then broke that record in ...