By Fox Business. Some of the United States’ most prominent retailers are shuttering stores in recent months amid sagging sales in the troubled sector . . .
Facing declining sales, the once-prominent fashion brand announced last March that it would close 60 of its U.S. stores with expiring leases during its 2017 fiscal year. [Abercrombie & Fitch] has closed hundreds of store locations over the last few years while placing an increased emphasis on online sales . . .
The New Jersey-based women’s footwear company filed for bankruptcy last year and announced plans to move forward with a “significant reduction” of its retail locations. While it’s unclear how many of Aerosoles’ 88 locations will be affected, the chain said it plans to keep four flagship stores in New York and New Jersey operational, NJ.com reported . . .
A fashion brand known for its edgy offerings, American Apparel shuttered all of its 110 U.S. locations last year after filing for bankruptcy. The brand has since been acquired by Canada-based Gildan Activewear, which acquired its intellectual property in an $88 million deal . . .
The Los Angeles-based brand listed liabilities of more than $500 million when it filed for bankruptcy last February. [BCBG] closed 118 store locations nationwide last year, though more than 300 remained in operation under a company-wide reorganization. (Read more from “Retail Apocalypse: 23 Big Retailers Closing Stores” HERE)
Retail Alert: Best Buy Is Closing 250 of These Mall-Based Stores
By Clark. The new year is shaping up to be another difficult one for traditional retailers. After shutting down more than 5,000 stores in 2017, we’re already getting word of closings for 2018.
J.C. Penney is among the latest to announce plans to close stores, joining Bon-Ton, Toys R Us, Sam’s Club, Macy’s, Sears, Kmart and others . . .
Your local mall may have another vacancy soon. Best Buy has announced that it will shut down 250 mall-based mobile phone stores in the United States, Reuters reports . . .
Bad news for Sam’s Club members! The Walmart-owned warehouse club has abruptly shut down multiple locations across the country, according to local media reports . . .
In a news release, the company announced the closure of 11 Macy’s stores. It’s part of the retailer’s plan to close approximately 100 stores, which was announced back in August 2016. (Read more from “Retail Alert: Best Buy Is Closing 250 of These Mall-Based Stores” HERE)