#store-closures

#store-closures

Walgreens plans to close 1,200 stores in three years, with significant closures driven by profit decline and changing consumer behavior.

The decline of foot traffic and rise of e-commerce have caused many traditional retail stores to close permanently.

7-Eleven is closing 444 underperforming stores to adapt to inflation and shifting consumer behavior.

Walgreens is finalizing a plan to potentially close a significant portion of underperforming stores, with CEO Tim Wentworth stating changes are imminent for about 25% of stores.

LL Flooring is winding down operations and closing all stores, resulting from bankruptcy and a challenging economic environment.

Rite Aid is closing additional stores as part of its bankruptcy exit strategy.

Franchise Group is closing American Freight amidst bankruptcy filings to strengthen other brands and reduce debt.

Big Lots is rapidly closing stores to stabilize operations amid financial troubles.

buybuy Baby is transitioning to an online-only model, closing all physical stores due to shifting consumer preferences and financial challenges.

Red Lobster continues to close underperforming locations to stabilize its finances after filing for bankruptcy.

Advance Auto Parts will close over 700 stores to improve its business performance amid disappointing earnings.

Advance Auto Parts is closing more than 500 stores to improve business performance amidst declining sales and financial losses.

Advance Auto Parts will close over 700 stores nationwide, including several in Oregon, as part of an operational restructuring.

Macy's struggles to recover in the retail market as it faces declining sales and unsuccessful cost-cutting strategies, signaling a long-term decline.

Macy's impending closure looms over Union Square's tree-lighting ceremony, possibly marking the end of an era for the iconic store.

Macy's is cutting 2,350 jobs and closing five stores as part of its efforts to streamline operations and increase profitability.

The company is implementing more automation services and eliminating management roles to adapt to an ever-changing consumer and marketplace.

Macy's is closing 5 stores nationwide, including the San Leandro Macy's at the Bayfair Center.

2,350 employees will be laid off, representing about 3.5% of Macy's total workforce.

Macy's will close its Kingston store in early 2025 as part of a plan to improve profitability and customer experience.

Macy's closing Union Square location

Closure of more than 150 Macy's stores

The last Kmart full-scale store in the U.S. has closed, signaling the decline of the once-thriving retailer.

The last full-size Kmart on the mainland is closing, marking the end of an iconic retail chain.

Retail challenges in Dublin persist due to hybrid working and online shopping, prompting closures of establishments like Donnybrook Fair and Hotel Chocolat.

Walgreens will close 1,200 unprofitable stores as part of a strategy reevaluation amid changing consumer habits and industry challenges.

American Freight is shutting down all California locations due to economic challenges impacting the home goods industry.

Store-closing sales have begun nationwide as part of the liquidation process.

Big Lots plans to close up to 315 stores due to lagging sales and high debt, with Florida seeing 26 closures.

America's drug stores are closing locations due to over-expansion, competition, and an unsustainable pharmacy model. This is marked by significant store closures across major chains.

Sainsbury's is integrating Argos into supermarkets, closing standalone stores to enhance convenience and service for customers.

Walgreens plans to close 1,200 stores to recover from significant losses and focus on improving its business model.

Walgreens is closing 1,200 stores due to overexpansion and admitting mismanagement of shoplifting issues and store security.

The company is experiencing financial troubles and looking to course correct with store closures.

The Starbucks store at 120 4th St. in San Francisco's SoMa neighborhood will close permanently on Nov. 8 due to business evaluations.

Wendy's is closing 140 outdated stores to pave the way for strategic growth and improved profitability through a major redesign.

The closures will leave Wendy's growth count flat for 2024 but set the stage for faster future expansion.

Walgreens plans to close 1,200 U.S. stores over three years to recover from significant losses and improve financial performance.

Walgreens plans to close 1,200 stores as part of a turnaround strategy against competition and unprofitability.

Walgreens will close 1,200 stores in the US over the next three years due to major financial losses.

Walgreens plans to close 1,200 stores amid a turnaround strategy focusing on cost-cutting and addressing unprofitability.

Walgreens plans substantial store closures in underperforming locations.

Walgreens plans to close 25% of its U.S. stores, focusing on underperforming locations to improve profitability.

Big Lots is closing 75 stores in California, totaling 315 nationwide closures due to economic challenges.

Ted Baker is closing all physical stores in the UK and Ireland due to significant financial difficulties, impacting over 500 jobs.

LL Flooring Holdings, Inc. is filing for Chapter 11 bankruptcy and closing 94 stores across 31 states.

Big Lots is closing 75 stores across the U.S., with a significant number in Southern California.

Dollar Tree reports Q4 loss and plans to close 1,000 U.S. stores, mainly Family Dollar stores due to acquisition challenges.

Popular stores like L'Occitane and Sephora are closing at the former Westfield San Francisco Centre.

New mall owners are rebranding the center to Emporium Centre San Francisco and planning to revitalize it with experiential, entertainment, and food-focused tenants.

Body Shop closing 75 more shops, 489 job losses

Administrators aim to preserve brand through heavy restructuring.

116 UK Body Shop stores to remain open, 75 to close with 489 jobs lost

The Body Shop hired administrators due to financial challenges and difficult trading environment

The Body Shop plans to close 75 stores in the next six weeks, resulting in the loss of 489 jobs.

Administrators are focusing on restructuring to stabilize the business and ensure a long-term sustainable future for the iconic brand.

The Body Shop, known for its distinct scents, is reportedly appointing administrators after being acquired by private equity firm Aurelius Investment.

The move to appoint administrators is typical when a private equity firm needs to make a profit and cut losses in a short period of time.

75 stores in the UK closing within six weeks, including six in south London.

The Body Shop founded in 1976 promoting ethical consumerism.

The Body Shop is closing several branches in London, part of a larger national shutdown plan.

Administrators plan to focus on online sales and wholesale strategies after closing stores.

The Body Shop is closing nearly half of its UK branches following financial challenges and administration.

The closure of branches and job cuts are part of a restructuring to create a more financially stable UK business.

The Body Shop is closing seven of its stores, including four in London, due to falling into administration.

Around 270 head office jobs will be cut, leaving 400 workers at the London headquarters, and around 1,500 workers across UK shops may face redundancy.

Mass tech layoffs and store closures in San Francisco amidst a slow pandemic recovery.

San Francisco's economy is still relatively strong despite the challenges, with the labor market showing resilience.

San Francisco stores have disabled self-checkout in a trend of 'defensive retailing'

Recent high-profile store closures in San Francisco may be attributed to multiple factors, including exaggerated claims of retail crime

Mastermind Toys has obtained creditor protection as it deals with financial challenges and a slowing economy.

All 66 of its stores in Canada will remain open for business, but some stores may close during the proceedings.

The company cites increasing competition and disruptions from the COVID-19 pandemic as significant challenges.

Rite Aid has added seven more stores to its closure list in California as part of its Chapter 11 bankruptcy process.

The closures include locations in Sacramento, Tahoe, Southern California, and the Northern California foothills.