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Store Closures

Business
Dollar General Closing 140+ Stores, Profits Drop As Retailers Struggle Nationwide Dollar General Closing 140+ Stores, Profits Drop As Retailers Struggle Nationwide
Dollar General Closing 140+ Stores, Profits Drop As Retailers Struggle Nationwide Dollar General will close more than 140 stores after a sharp drop in profits, marking a shift in strategy as the discount retailer faces rising costs and changing consumer habits. Dollar General will shut down at least 96 Dollar General locations and 45 pOpshelf stores in 2025, the company said in a news release on Thursday, Mar. 13. There are about 20,434 Dollar General stores and 231 pOpshelf locations, according to data company ScrapeHero. Another six pOpshelf stores will be converted into Dollar General locations. "As we look to build on the substantial progress we made …

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by Chris Spiker
Business
CVS To Open Pharmacy-Only Locations Amid Store Closings, Corporate Layoffs CVS To Open Pharmacy-Only Locations Amid Store Closings, Corporate Layoffs
CVS To Open Pharmacy-Only Locations Amid Store Closings, Corporate Layoffs CVS is rolling out a new wave of smaller-format pharmacies in select communities nationwide as it tries to adapt to changes in the retail world. CVS plans to open at least a dozen of these compact pharmacies nationwide in 2025, a spokesperson confirmed to Daily Voice on Monday, Mar. 10. The pharmacy-only locations aim to improve access to medications, immunizations, and pharmacist-provided health care services. Each location will average less than 5,000 square feet, with a full-service pharmacy and a limited selection of over-the-counter products tailored to a community. "By taki…

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by Chris Spiker
Business
Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's CT Rundown Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's CT Rundown
Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's CT Rundown Discount retail chain Big Lots has filed for bankruptcy as its list of planned store closures expands. It currently has around 1,425 stores nationwide. The company announced on Monday, Sept. 9 that it will sell its assets to an affiliate of private equity firm Nexus Capital Management. In announcing initial store closures late in late July, Big Lots said a bankruptcy filing could be coming. Stores in the Northeast now slated for closure are as follows: New York Delaware Avenue, Buffalo South Ogden Street, Buffalo Route 5 & 20, Canandaigua  Voice Road, Carle Place Centereach …

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by Joe Lombardi
Business
LL Flooring Files For Bankruptcy, Plans To Close 4 CT Stores LL Flooring Files For Bankruptcy, Plans To Close 4 CT Stores
LL Flooring Files For Bankruptcy, Plans To Close 4 CT Stores With some 300 stores nationally, the mega-floor retailer LL Flooring has filed for bankruptcy and announced it plans to close at least 90 stores, including four in Connecticut. According to a statement from LL Flooring, the stores being closed in Connecticut include Fairfield County in Norwalk and New Haven County in Milford, North Haven, and Waterbury. The business said the three remaining stores in Danbury, Waterford, and Harford will remain open. Charles Tyson, president and CEO of LL Flooring, said, “After comprehensive efforts to enhance our liquidity position in a challenging ma…

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by Kathy Reakes
Business
Big Lots To Close Hundreds More Stores, Including Several In Massachusetts Big Lots To Close Hundreds More Stores, Including Several In Massachusetts
Big Lots To Close Hundreds More Stores, Including Several In Massachusetts It's more bad news for discount retailer Big Lots. The nationwide chain announced in June that it would close 40 stores following dismal sales and rising costs, but in a new filing last week, the company said it may need to shutter nearly 300 locations — several of them in the Northeast.  Big Lots announced in a US Securities and Exchange Commission filing on Friday, Aug. 2, that under an updated term sheet, the company would need to close 20 percent of its 1,392 stores — about 290 in all.  Here are some of the local closures. Connecticut — Eight stores Manchester — 1…

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by Josh Lanier
Business
New Update: Stop & Shop Announces 32 Store Closings, Including 5 In CT New Update: Stop & Shop Announces 32 Store Closings, Including 5 In CT
New Update: Stop & Shop Announces 32 Store Closings, Including 5 In CT This story has been updated. Stop & Shop announced they plan to close 32 underperforming stores, including five in Connecticut.  The company said on Friday, July 12, that the closures allowed it to take the next steps in its plans to position the company for growth. Following the closures, Stop & Shop will continue to have a strong presence across its five-state footprint, with more than 350 stores. The impacted stores include:  100 Division St., Ansonia, New Haven County 855 Bridgeport Ave., Milford (1360 East Town Road, Milford will remain open), New Haven County 21…

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by Kathy Reakes
Business
Stop & Shop To Close Underperforming Stores In Northeast Stop & Shop To Close Underperforming Stores In Northeast
Stop & Shop To Close Underperforming Stores In Northeast The future is grim for Stop & Shop's underperforming stores in the Northeast. The grocery giant — which operates 400 stores across Rhode Island, New Jersey, New York, and Massachusetts (where the company is headquartered) — announced plans to close a number of its underperformers in the interest of company longevity, officials confirmed with Daily Voice. Nearly half of the company's stores have been remodeled, and a Stop & Shop spokesperson said those stores continue to perform well. "We're committed to continuing to invest in our stores - as well in our prices - to deliver a great…

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by Cecilia Levine