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Store Closures

Business
Family Dollar, Dollar Tree To Close 1,000 Stores Family Dollar, Dollar Tree To Close 1,000 Stores
Family Dollar, Dollar Tree To Close 1,000 Stores Discount chain Family Dollar and parent company Dollar Tree will close a combined 1,000 stores. Family Dollar will shut down 600 stores in 2024 and 370 stores over the next several years as store leases expire.  Dollar Tree will close 30 locations as leases expire.  The company made the announcement Wednesday morning, March 13. Family Dollar has around 8,000 US locations and Dollar Tree has  The company said it initiated a review of its stores in the fourth quarter of 2023.  It involved "identifying stores for closure, relocation, or re-bannering based on an evaluati…

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by Joe Lombardi
Business
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's To Close 150 Stores, Prioritize Luxury Brands
Macy's To Close 150 Stores, Prioritize Luxury Brands Macy's plans to close about 30 percent of its remaining stores over the next three years. The 150 closures will be at underperforming locations, with 50 planned for this year, the retailer announced on Tuesday, Feb. 27, unveiling what it is calling "A Bold New Chapter" strategy designed to return Macy’s profitability.  "It challenges the status quo to create a more modern Macy’s, Inc.," Tony Spring, chief executive officer of the company said in a statement. "We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, releva…

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by Joe Lombardi
Business
ShopRite To Close 5 NY Locations: Here's Rundown ShopRite To Close 5 NY Locations: Here's Rundown
ShopRite To Close 5 NY Locations: Here's Rundown Supermarket chain ShopRite is closing five stores in New York. The closures, scheduled for early December, are all in the Capital Region, according to a report by Winsight Grocery Business: Albany, Colonie, Niskayuna, Slingerlands, and North Greenbush. The closures are due to underperforming sales, the report said. ShopRite, which launched in the mid-1940s, has stores in six states: New York, New Jersey, Connecticut, Delaware, Maryland, and Pennsylvania.  Earlier report - Rite Aid Announces 20 NY Stores Slated For Closure After Declaring Bankruptcy Click here to rea…

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by Joe Lombardi
Business
Rite Aid Will Close CT Store After Filing For Bankruptcy Rite Aid Will Close CT Store After Filing For Bankruptcy
Rite Aid Will Close CT Store After Filing For Bankruptcy Rite Aid, the pharmacy giant that filed for bankruptcy on Sunday, Oct. 15, plans to close 154 underperforming stores nationwide, according to a new filing. Some of those closures will be in Massachusetts and Connecticut.  Related: Why Is Rite Aid Filing For Bankruptcy? Rite Aid announced earlier this week that declining sales and rising debt forced the company's hand in filing for Chapter 11 bankruptcy. The chain has more than 2,100 stores nationwide, and reducing rent costs will play a large part in bringing its balance sheet back into the black.  The only store in Massachusetts…

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by Josh Lanier
Business
Christmas Tree Shops Now Plans To Close All Its Stores Christmas Tree Shops Now Plans To Close All Its Stores
Christmas Tree Shops Now Plans To Close All Its Stores Christmas Tree Shops plans on closing all of its remaining stores after earlier this year announcing the closure of nearly a dozen of its locations, according to a new report. The 53-year-old discount home-goods chain offers seasonal decor year-round, along with assorted gifts, kitchen items, and furniture. In May, the company announced it was closing 10 of its approximately 80 stores after filing for bankruptcy.  Now, the company has reached an agreement with its stakeholders to liquidate the remaining approximately 70 stores unless a buyer emerges, according to The Wall Street Journ…

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by Joe Lombardi
Lifestyle
Clothing Chain To Close All Stores, Including 17 In CT, Laying Off Nearly 500 Clothing Chain To Close All Stores, Including 17 In CT, Laying Off Nearly 500
Clothing Chain To Close All Stores, Including 17 In CT, Laying Off Nearly 500 A clothing store with 46 locations across five states is selling off its inventory and closing all its locations.  EbLens, a retail store with a 70-year history, is liquidating its inventory and closing all its stores for the "benefit of creditors," according to Steven Victor, Executive Manager of Eblens ABC LLC.  The chain was created in New Britain, Connecticut in 1949 and now sells name-brand streetwear, footwear, and accessories.  EbLens currently employs close to 500 people across all its stores, including 17 in Connecticut and 17 in Massachusetts.  The workers will lose their jobs …

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by Morgan Gonzales
Lifestyle
Stop & Shop Closing CT Store Stop & Shop Closing CT Store
Stop & Shop Closing CT Store Stop & Shop in the Glenville section of Greenwich has decided to close due to the number of shrinking customers and declining revenue. "Stop & Shop has made the difficult decision not to renew the lease for our store located at 11 Glen Ridge Rd, in Glenville, Connecticut, as the store was not meeting financial expectations," said Daniel Wolk, of Stop & Shop. The store will be open through Thursday, June 15. Stop & Shop intends to operate the store through Thursday, June 15.  Wolk said all of the 60 employees will be given the opportunity to transfer to other Stop &…

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by Kathy Reakes
Business
New Bed Bath & Beyond Store Closures Include 4 CT Locations New Bed Bath & Beyond Store Closures Include 4 CT Locations
New Bed Bath & Beyond Store Closures Include 4 CT Locations Yet another slew of planned Bed Bath & Beyond store closures was announced, including multiple stores in Connecticut.  The struggling company announced the upcoming closures on Monday, Jan. 30, following a list of 62 store shutdowns announced earlier this month.  The soon-to-shutter Connecticut spots are: Fairfield County: 2260 Kings Highway in Fairfield  Hartford County: 20 Hazard Avenue in Enfield Hartford County: 835 Queen Street in Southington Hartford County: 1065 Silas Deane Highway in Wethersfield The full list of closures is available here.

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by Morgan Gonzales
Business
New Bed Bath & Beyond Store Closures Include 2 CT Locations New Bed Bath & Beyond Store Closures Include 2 CT Locations
New Bed Bath & Beyond Store Closures Include 2 CT Locations Struggling home goods retailer Bed Bath & Beyond has announced 56 new store closures that it says will be implemented by the end of the calendar year. The closure list includes two locations in Connecticut: Fairfield County: Ridgeway Shopping Center, 2275 Summer St., Stamford  New London County: Waterford 850 Hartford Turnpike, Waterford The company is due to report its results for the second quarter later this month. Bed Bath & Beyond now has about 900 stores, including those scheduled to be closed. The full list of new closures is available here.

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by Joe Lombardi
News
Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower
Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower Updated story: Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report An executive at Bed Bath & Beyond has been identified as the man who jumped 18 stories to his death at the so-called "Jenga" tower in New York City on Friday, Sept. 2, according to multiple reports. Gustavo Arnal, age 52, was the company's executive vice president and chief financial officer. Calls reporting a jumper came around 12:30 p.m. from the 60-story building's location in lower Manhattan's Tribeca neighborhood at 56 Leonard Street near Church Street, a…

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by Joe Lombardi
Business
More Than 60 Rite Aid Stores Now Scheduled For Closure More Than 60 Rite Aid Stores Now Scheduled For Closure
More Than 60 Rite Aid Stores Now Scheduled For Closure Rite Aid has announced plans to close 63 of its stores. The closures began in November, and associates impacted by the closures are being offered opportunities to transfer to other stores, the company said in a report about its fiscal third-quarter results on Tuesday, Dec. 21. “Today, we also announced the first phase of a store closure program to reduce costs, drive improved profitability and ensure that we have a healthy foundation to grow from, with the right stores in the right locations, for the communities we serve and for our business," said Heyward Donigan, the president and ch…

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by Nicole Valinote
Business
Two CT Disney Stores Among Nearly 60 Closing Across America Two CT Disney Stores Among Nearly 60 Closing Across America
Two CT Disney Stores Among Nearly 60 Closing Across America So long, farewell... Disney is closing nearly 60 of its brick and mortar stores across the US come Sept. 15. DisneyDisney Among them, two in Connecticut. According to the Disney Store website, the following stores are closing in Connecticut: Danbury: Danbury Fair Mall, 7 Backus Ave. Farmington: Westfarms Mall, 500 Westfarms Mall After the next round of closings, only 25 stores will remain in operation. Disney last March announced at least 60 of its North America stores to focus on online sales.

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by Cecilia Levine