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-develop.go-vip.net

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. Part of the issue...

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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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CVS Plans To Shutter 22 ‘Underperforming’ Stores
CVS Plans To Shutter 22 ‘Underperforming’ Stores
November 06, 2019  |  Retail

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...

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Vodafone To Shutter 15 Pct. Of European Stores
Vodafone To Shutter 15 Pct. Of European Stores
October 09, 2019  |  Retail

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...

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Mall Vacancies At Highest Level In Eight Years
Mall Vacancies At Highest Level In Eight Years
October 03, 2019  |  Retail

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...

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Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe
Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe
September 30, 2019  |  Retail

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...

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