store closures

Starbucks to Shutter 16 Stores for Safety Concerns, Including One Unionized Location

Starbucks will reportedly close 16 U.S. stores, mostly on the West Coast, due to safety concerns, according to CNBC. The affected stores…

Reports: First Apple Store Successfully Unionizes; Starbucks Allegedly Closes Unionized Store in Retaliation

It’s a good news-bad news situation for retail unionization efforts. Apple reportedly experienced its first successful union vote, at a store in…

Rite Aid to Shutter 63 Stores as it Creates a ‘Healthy Foundation’ for Future Growth

Rite Aid is closing 63 stores as the retailer aims to “reduce costs, drive improved profitability and ensure that Rite Aid has…

CVS to Close 900 Locations Over Three Years, Focus on Three Store Formats as Part of Omnichannel Strategy

CVS Health is accelerating its digital transformation through the closure of 900 stores over the next three years and the appointment of…

Gap to Close all 81 UK Stores, Seek Franchise Partners for Other European Markets

Gap will be shuttering all 81 of its stores in the UK and Ireland by the end of September 2021 as part…

Disney Plans to Close At Least 60 Stores as it Emphasizes Ecommerce

Disney has announced plans to significantly reduce its brick-and-mortar footprint, beginning with the closure of at least 60 Disney Stores across North…

Paper Source Files for Bankruptcy, Plans to Keep Most Stores Open During Proceedings

Paper Source has filed for Chapter 11 bankruptcy and is hoping to sell the business, according to court filings. The retailer has…

Fry’s Shuts Down Operations, Shutters 31 Stores

Fry’s Electronics has abruptly gone out of business, closing its 31 stores and replacing the content on its website with a simple…

Report: Tru Kids Shutters its Two Toys ‘R’ Us Stores After One Year

Tru Kids has closed the two Toys ‘R’ Us outlets it opened in 2019, according to Bloomberg. The company will still operate…

‘The End of an Era’: Family Video to Close All Remaining Stores

The last major video rental chain in operation, Family Video, is shuttering all of its remaining stores, calling it quits as the…

Macy’s Plans to Close 45 More Stores in First Half of 2021

Macy’s will close an additional 45 stores by mid-2021 as part of its previously announced plan to shutter 125 locations by 2023….

CNBC: Former Macy’s CEO Expects More Store Closures in 2021, Followed by New Openings

Former Macy’s CEO Terry Lundgren told CNBC that retail store closures could continue into 2021 as disruption persists. While the holidays will…

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