Bed Bath & Beyond to Close 60 Stores
Bed Bath & Beyond announced it is closing an additional 20 stores from the original 40 the company announced in April. Here is how the company is reimagining its brick-and-mortar presence in the age of ecommerce.
Store closures
Barneys Files for Bankruptcy, Closes 15 Stores
Luxury retailer Barneys is filing for bankruptcy and closing 15 stores, but will keep a number of doors in major markets open, including its flagship Madison Avenue location even though the rent nearly doubled.
Topshop to Close All U.S. Stores
Topshop plans to close its 11 U.S. stores after filing for bankruptcy, including doors in Los Angeles, New York, Miami and Chicago, while continuing its Topshop and Topman brands online and through wholesale partners like Nordstrom.
Pier 1 Imports Looking to Close Up to 45 Stores in 2020
In the wake of Bed Bath & Beyond’s announcement of its 40 store closures, Pier 1 Imports joins the long list of retailers shutting brick-and-mortar locations. See how many stores Pier 1 Imports has closed already in fiscal 2019.
JCPenney Announces More Store Closures
JCPenney plans to close 18 full-line stores in the second quarter, including three locations previously announced in January, executives told analysts on an earnings call, recording an estimated pre-tax charge of about $15 million in the process.
Gymboree Considers Closing Half Its Stores
Gymboree could be closing half of its 900 stores a year after emerging from bankruptcy, when it was one of the few retailers managing to escape liquidation in that scenario as ecommerce continues to eat away at brick-and-mortar chains.
Destination Maternity Plans to Close Up to 280 Stores By 2022
Destination Maternity joins a long line of retail downsizers in recent years, announcing plans to close up to 280 unprofitable stores by 2022, including 117 in fiscal 2018 and another 42 to 67 locations in 2019. Here is how much the company expects to save with these closings.
Lord & Taylor to Begin Closing New York City Flagship Store
In a sign of the times in traditional retail, Lord & Taylor is beginning to shut down its iconic flagship store on Fifth Avenue in New York City with a closing sale this week. Here is what it plans to do as it moves through the closing process.
The Bon-Ton Stores Finds Buyer After Store Closures
After shutting its doors last week, bankrupt retailer Bon-Ton Stores is reopening as a new owner has come forward to purchase the company. Here is how the company plans to reinvent shopping with a focus on the ecommerce experience.
Sears to Close 46 More Stores
Sears Holdings Inc. announced it plans to close 46 more stores as part of ongoing efforts to streamline its operations, strengthen its capital position and focus on its best performing stores. Stores are expected to close by November.