Fbi Caused Beef Betweeb Hughey P Newton

Luke Sharrett/Bloomberg

The Retail Apocalypse

If you thought last year was the low point for bricks-and-mortar retailers, recall again. Sadly, 2019 proved to be exponentially more brutal, and Coresight Research predicts the number of store closures could attain a staggering 12,000 by the yr's cease, compared to just nether 6,000 closures in 2018. From Payless to Party City, here are some of the well-nigh notable victims of the retail apocalypse this year.

Related: How to Store at Going-Out-of-Concern Sales

Payless ShoeSource

Stores closed or closing: 2,500
Finding cheap footwear became a little more hard this year. Back in February, Payless filed for defalcation and appear it would close all of its U.South. locations. The move came after an initial defalcation filing in 2017, which was accompanied past about 700 closures.

GNC

Stores closed or endmost: Up to 900
Though vitamin and wellness retailer GNC has thus far steered clear of bankruptcy, it announced over the summer that it would be shuttering upwardly to 900 of its stores in the U.South. and Canada in the coming years. Unsurprisingly, many of the stores closing are in malls that have seen a sharp drop in human foot traffic.

Gymboree and Crazy 8

Stores closed or closing: 805
In an ominous sign of the year to come, longtime kid's article of clothing seller Gymboree filed for defalcation in Jan and appear information technology would close all remaining locations of both Gymboree and its lower-priced Crazy 8 brand. The move followed a 2017 bankruptcy filing that was accompanied by 375 store closures. Still, if you're a big Gymboree shopper, take note: Next year, the make will re-appear in about 200 The Children's Place stores also as online.

Dressbarn

Stores closed or closing: 650
In an effort to eternalize its more successful brands like Ann Taylor, Loft, and Lane Bryant, Ascena Retail Grouping announced in May that information technology would be closing all Dressbarn locations by the end of 2019. Ascena as well sold its Maurice's brand to a individual disinterestedness house before this yr.

Fred's

Stores closed or closing: 568
This discounter and pharmacy with a wide presence throughout the Southeast filed for bankruptcy in September and appear it was liquidating all stores. Fred'southward had already endured multiple rounds of closures this year and had fewer than 100 stores still open up when it decided to pull the plug entirely.

Charlotte Russe

Stores closed or closing: 500
In Feb, women'due south mode retailer Charlotte Russe announced information technology would close fewer than 100 stores equally part of a bankruptcy filing, just that number soon ballooned to encompass all locations. However, there is hope for Charlotte Russe fans: New owner YM Inc. has already resuscitated a handful of the stores and plans to ultimately re-open well-nigh 100 locations.

Shopko

Stores airtight or closing: 370
Wisconsin-based discounter Shopko announced in March that it would close all of its locations by mid-June. It had filed for defalcation in January and announced 250 closures in February, only failed to find a buyer to help continue the remaining stores afloat.

Things Remembered

Stores closed or closing: 274
Things Remembered, seller of figurines, pic frames, and all things sentimental, was spared liquidation after information technology constitute a new owner earlier this year. Notwithstanding, the retailer was forced to shrink its footprint considerably, with fewer than 180 of its 450 stores saved from the chopping block.

Charming Charlie — Nancy Due south./Yelp

Mannerly Charlie

Stores airtight or endmost: 260
Citing increasingly empty stores, Mannerly Charlie filed for bankruptcy in July and appear information technology would be closing all remaining locations. This was the jewelry and accessories chain's 2d trip to bankruptcy court in two years and followed an initial round of 100 store closures in 2018.

Chico's

Stores airtight or closing: 250
A trio of women'southward apparel stores run past Chico'southward FAS Inc. — its namesake, Chico's; White House Black Market; and Soma — is poised to shrink over the next couple of years as the company works to maintain profit margins every bit more customers opt to shop online. Roughly lx to lxxx stores will close past the end of this twelvemonth.

Gap

Stores airtight or closing: 230
It seems that fewer people have been falling into the Gap, and the iconic men's and women'due south clothing retailer announced early this year that it would be shrinking its footprint past about half in response. Gap as well said that its more than successful sister make, Old Navy, would become a standalone company.

Avenue

Stores closed or endmost: 222
Despite receiving an infusion of greenbacks earlier this year, plus-size women's article of clothing retailer Avenue decided in August to pull the plug on all of its retail locations, spread across 33 states.

Walgreens

Stores airtight or closing: 200
Walgreens' footprint grew considerably subsequently it bought more than i,900 Rite Aid locations in 2018, and then the pharmacy giant has had to pare back a scrap. This twelvemonth, it appear 200 U.Southward. Walgreens closures; that's on top of closing hundreds of the recently purchased Rite Aids.

GameStop

Stores closed or closing: 180 to 200
If you've been downloading video games instead of buying them in store, you lot're not alone. That's part of the reason GameStop announced in September that information technology would close upwardly to 200 struggling stores before the twelvemonth's end. The company has likewise said many more closures are possible over the adjacent year or two.

Destination Maternity

Stores closed or closing: 183
Pregnancy is hard enough without searching high and depression for decent maternity clothes. Unfortunately, they'll be even harder to come up by after the closure of more than 180 Destination Maternity-owned stores as the visitor files for bankruptcy. Closures may too include the company's other stores, Motherhood Motherhood and A Pea in the Pod.

Forever 21

Stores closed or endmost: 178
This mall stalwart that has long sold fast fashion to young adults couldn't escape the downturn in foot traffic in its stores. It filed for bankruptcy in late September and announced that it was shuttering about a 3rd of its locations.

LifeWay Christian

Stores airtight or closing: 170
Faith-based bookseller LifeWay Christian announced in March that it would close all of its 170 storefronts, citing declining foot traffic and sales. The company is continuing to sell its products online, however.

Kitchen Collection

Stores closed or closing: 160
This outlet-mall staple, a subsidiary of small-appliance maker Hamilton Beach, will close its doors past the terminate of the twelvemonth. The concatenation blames falling foot traffic in its stores and the rise of eastward-commerce for declining sales.

Signet Jewelers

Stores closed or endmost: 150
Last year's holiday season wasn't kind to Signet Jewelers, parent visitor of jewelry stores Kay, Zales, and Jared. Accordingly, about 150 stores are expected to close their doors after the holiday rush this twelvemonth, the visitor has said. The closures are office of a three-year plan to close nigh 455 stores, many of them mall-based locations that have struggled with declining pes traffic. More than than 260 stores airtight last yr.

Sears and Kmart

Stores airtight or closing: 121
By the end of the year, another 121 Sears and Kmart stores are slated to exist goners, according to Business Insider. The number is much larger than the 26 stores that the company had publicly appear in August would exist closing and is based on company filings and local media reports. In an effort to innovate, new parent company Transform Holdco LLC has opened a few smaller-format stores focused on the chain's stronger categories like appliances and tools.

Performance Bicycle

Stores closed or endmost: 104
Cyclists lost one of the biggest nationwide bike retailers with the closure of all Functioning Bicycle stores before this twelvemonth. The chain's parent visitor filed for bankruptcy in fall 2018 in the hopes of salvaging at least half of its locations, only it wasn't to be. One of the new owners is a hedge fund that helped with the Toys "R" Us liquidation in 2018.

Bed Bath & Beyond

Stores closed or closing: threescore
New Jersey-based Bed Bath & Across Inc. appear this fall that it had added another twenty stores to its closings list, boosting the overall number to 60. Locations are expected to operate through the holiday flavor and close down early on next yr. A tertiary of the closings will impact the visitor'south other brands, the most notable of which include Buy Buy Baby and Toll Plus World Market.

Pier 1 Imports

Stores closed or closing: 57
Dwelling house décor and accessories stalwart Pier 1 said this summertime that information technology would close 57 stores this fiscal year, only the announcement came with a foreboding warning: More closings, perchance equally many as 145, could follow if the company can't hit new performance goals. The chain has been forced to raise prices in response to President Trump's new tariffs on Chinese appurtenances.

Political party City

Stores closed or closing: 55
Belatedly this past summertime, Party City added x more locations to an already-announced list of 45 stores slated to shut past the finish of the year. The main culprit? Helium shortages and college helium costs that impacted one of the store'due south cadre businesses: balloon sales. The chain is also selling 65 of its Canadian locations.

Victoria's Secret

Stores closed or endmost: 53
America'due south appetite for lingerie seems to be waning, and Victoria'southward Hush-hush parent company 50 Brands announced in February that information technology would be closing 53 stores this year. That comes on the heels of 30 closures in 2018 — double the normal amount — and as the store faces criticism for what some say has been outdated, non-inclusive messaging in the "Me As well" era.

Office Depot

Stores airtight or closing: 50
As part of a three-twelvemonth plan to "optimize its retail footprint" announced back in 2016, Office Depot said in May that it would close l stores by the end of the year. Closures as well afflicted the company's OfficeMax brand.

acostabappre.blogspot.com

Source: https://blog.cheapism.com/store-closures-2019/