#store-closure

#store-closure

The free webinar is designed to help assist local businesses with the transition back to in-store transactions by highlighting how they can appear for important 'near me' searches in order to capture the attention of local customers.

[I'm] lucky to get three cars a day. And most people don't even buy a thing.

"If you go back to 2019, which wasn't great then, actually, before COVID, it was 12%. So obviously, this has worsened substantially, continues to worsen."

Starbucks has closed its downtown San Jose shop at 150 S. First St., following the closure of another location at San Pedro Square a year prior.

Multiple entities associated with Friendly Franchisees Corporation, owner of 65 Carl's Jr. locations across California, have filed for Chapter 11 bankruptcy, raising concerns about the future of these franchises.

The Cincinnati-based supermarket company has been shuttering locations since June of last year, when it announced a footprint optimization plan that would result in the closure of about 60 stores. According to a Fast Company review of local media reports and online review platforms like Yelp, Kroger could be more than halfway through that process.

In its earnings report yesterday, The Gap reported the following for its fourth quarter, which ended January 31, 2026: Net sales: $4.2 billion (up 2% year over year), Net income: $171 million, Diluted earnings per share (EPS): $0.45. Unfortunately for the company, these results were either in line with or below expectations.

Like most founders, the early days of my company were very much geared towards solving a real problem. I wanted to create products to fill a market gap a loved one had personally experienced: finding effective, holistic and affordable solutions to common foot conditions like bunions. Product development and direct-to-consumer sales were my initial focus as CEO, but as the brand grew and I began to recognize the inherent potential in what we were building, retail expansion became a natural progression.

The outlook for 2026 I'm watching 2026 with equal parts optimism and urgency. Optimism because consumer demand is still there. Retail sales have remained resilient in recent data. Urgency because the operating environment is only getting tighter. Coming out of FY2025, large retailers demonstrated resilience amid inflation pressure, shifting consumer behavior, and global supply-chain complexity. Walmart raised its outlook and leaned further into a model that blends physical stores, e-commerce scale, and execution discipline.

Saks OFF 5th is closing its Assembly Row store in Somerville and its outlet in Wrentham as its parent company, Saks Global, files for bankruptcy. On Thursday, the company announced it will shutter most of its Saks OFF 5th locations and all remaining Last Call stores, shifting its focus to luxury retail and full-price operations. The company began closing sales at certain Saks OFF 5th stores starting Saturday.