Store Closures

Forever 21, GameStop, Gap, Toys R Us, Dressbarn, A&F, Walgreens, J.C. Penney, Office Depot and even Walmart are closing stores in 2019.

Source: pymnts.com

Retail CFOs Tighten Purse Strings Over Physical Store Uncertainty

Retail CFOs Tighten Purse Strings Over Physical Store Uncertainty
Retail CFOs Tighten Purse Strings Over Physical Store Uncertainty
January 28, 2020  |  Retail

Retail chief financial officers (CFOs) are in for a bumpy road ahead, sitting in the eye of a storm with the presidential election, global trade...

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1200+ Retail Store Closings Announced So Far In 2020
1200+ Retail Store Closings Announced So Far In 2020
January 27, 2020  |  Retail

The new year has not been kind to retail stores around the country, as the trend of accelerating store closings continues, according to a report...

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Retail Pulse: Shipt Teams With Office Depot; Express To Close Brick-and-Mortar Stores
Retail Pulse: Shipt Teams With Office Depot; Express To Close Brick-and-Mortar Stores
January 24, 2020  |  Retail

On-demand delivery services are expanding their offerings beyond takeout from restaurants or groceries from supermarkets to carry additional categories of merchandise. Shipt, in one case,...

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Express To Shutter 100 Stores To Save $80M Per Year
Express To Shutter 100 Stores To Save $80M Per Year
January 23, 2020  |  Retail

By closing 100 stores in the next two years, Express aims to save around $80 million annually over the next three years, as reported by...

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Bose To Shutter 119 Tech Stores
Bose To Shutter 119 Tech Stores
January 16, 2020  |  Retail

Audio equipment company Bose has announced it is closing 119 retail locations due to changing customer demand, according to a report. Get the Full Story...

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Even Times Square Losing Shops To Changing Retail Landscape
Even Times Square Losing Shops To Changing Retail Landscape
January 15, 2020  |  Retail

Times Square, one of the most famous places on the planet, where hundreds of thousands of people live, work and visit any given day or...

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Strip Malls Gaining An Edge Over Traditional Shopping Malls
Strip Malls Gaining An Edge Over Traditional Shopping Malls
January 14, 2020  |  Retail

Open-air shopping centers – also called strip malls or strip centers – are replacing malls as retail juggernauts, offering necessities like grocery stores, hair salons...

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Macy’s Plans To Shutter 28 Locations
Macy’s Plans To Shutter 28 Locations
January 09, 2020  |  Retail

As part of its yearly review process, Macy’s plans to shutter one Bloomingdale’s store and 28 of its namesake department stores. The retailer operates approximately...

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Mall Vacancy Rate Reaches 20-Year High
Mall Vacancy Rate Reaches 20-Year High
January 07, 2020  |  Retail

U.S. shopping malls have reached the pinnacle of struggle, with empty shops hitting a 20-year high, the Financial Times (FT) reported on Tuesday (Jan. 7)....

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