(source: pymnts.com)
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...
Open-air shopping centers – also called strip malls or strip centers – are replacing malls as retail juggernauts, offering necessities like grocery stores, hair salons...
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...
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)....
In a regulatory filing, CVS Health said it will shutter 22 “underperforming” drugstores early in 2020, beyond the 46 stores it shuttered earlier this year. More information...
Vodafone has announced it is shutting down 15 percent of its 7,700 stores in Europe, according to Reuters. CEO Nick Read said the company will...
Some geographies are coping with the upheaval in retail better than others, as vacancies in U.S. shopping malls reach an eight-year high. Reis data indicates...
Fast-fashion chain Forever 21 has filed for Chapter 11 bankruptcy protection. The company said it will close a large number of physical stores worldwide, CNBC...
Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018. And additional retail bankruptcy filings are...