#store-closures

#store-closures

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Starbucks said Thursday it's closing hundreds of stores in the U.S., Canada and Europe and laying off 900 nonretail employees as it focuses more of its resources on a turnaround. The Seattle coffee giant said store closures would start immediately. Starbucks said affected baristas will be offered severance packages and transfers to other locations where possible. The company wouldn't give a number of stores that are closing, but the bulk of the closures appear to be in the U.S. and Canada. Starbucks said it expects to have 18,300 North American locations when its fiscal year ends on Sunday.

Store closures have emerged as an ominous through line across the retail business landscape this year, with decades-old chains trimming their physical footprints, seeking Chapter 11 bankruptcy protection-sometimes twice in one year-and even winding down operations altogether in some cases. Petco Health and Wellness Company is not facing such dramatic dire straits yet, but the beloved pet retailer has been reevaluating the size of its brick-and-mortar fleet as it struggles to lift its bottom line.

The following Safeway locations will reportedly close on or before November 7: 201 E. Jefferson, Englewood, Colorado 80113 500 E. 120th Ave, Northglenn, Colorado 80233 1653 S. Colorado Blvd., Denver, Colorado 80222 12200 E. Mississippi, Aurora, Colorado 80012 3657 S. College Ave, Fort Collins, Colorado 80525 860 Cleveland Ave., Loveland, Colorado 80537 5060 North Academy Blvd., Colorado Springs, Colorado 80918 1425 S. Murray Blvd., Colorado Springs, Colorado 80916 315 W. 2nd St., La Junta, Colorado 81050 906 E. Olive St., Lamar, Colorado 81052 230 Morehead Street, Chadron, Nebraska 69337 730 W. Main St., Farmington, New Mexico 87401

Health and beauty retailer Bodycare is facing administration, putting over 100 stores across the UK and 1,500 jobs at risk. It is anticipated that the retailer, which was established over 50 years ago on a Lancashire market stall, will appoint administrators from Interpath Advisory as early as Friday. Bodycare, which specialises in offering skincare, cosmetics, toiletries, and fragrances, has over 1,500 employees and operates over 100 outlets nationwide.

Popular teen accessories and ear-piercing outlet Claire's, which announced earlier this month they are filing for Chapter 11, has begun shuttering stores in the Bay Area. This is the second time the chain has filed for bankruptcy since 2018 citing large debt load and fierce competition from online retailers. Crowds are flocking to two of the mall-based outlets that are touting mass liquidation sales of as much as 80 percent off.

Most of the big retailers in the Bay Area will be open on Labor Day, which this year falls on Sept. 1. RELATED: Explore these new trails in California over Labor Day weekend Celebrated on the first Monday of September, Labor Day recognizes the achievements of workers across the United States. Except for memorial events and marching activities to celebrate the contributions of workers, Labor Day is one of the major shopping weekends in the U.S.; many retailers offer special deals and back-to-school promotions.

River Island is on the brink of collapse as it could run out of money by August.

Monro will close 145 underperforming stores by the end of the current quarter, signifying a major restructure in response to reduced consumer spending on auto services.

The ongoing struggles of pharmacy chains are evident as major players like CVS, Rite Aid, and Walgreens announce widespread store closures, reflecting the challenging retail landscape.