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Store Closures

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Foot Locker Closing Stores In Major Shakeup: 'Clean Out The Garage' Foot Locker Closing Stores In Major Shakeup: 'Clean Out The Garage'
Foot Locker Closing Stores In Major Shakeup: 'Clean Out The Garage' Several Foot Locker stores are closing a few months after Dick's Sporting Goods purchased the sneaker chain in a $2.5 billion deal. Dick's announced the closures in its third-quarter earnings report on Tuesday, Nov. 25. The Pittsburgh-based sporting goods giant completed its purchase of Foot Locker in September. The restructuring aims to prevent Foot Locker from weighing down Dick's profits. "At Foot Locker, we've assembled a world-class management team and are taking decisive actions to 'clean out the garage' by clearing unproductive inventory, closing underperforming stores and…

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by Chris Spiker
Business
Claire's Closing Six MA Stores, 290+ Nationwide After Bankruptcy Filing: See Which Ones Claire's Closing Six MA Stores, 290+ Nationwide After Bankruptcy Filing: See Which Ones
Claire's Closing Six MA Stores, 290+ Nationwide After Bankruptcy Filing: See Which Ones Claire's has revealed nearly 300 of its stores that will be closing as the popular mall brand navigates bankruptcy. The well-known children's jewelry and ear-piercing retailer released a list of the 291 locations that are shuttering in a bankruptcy court filing on Monday, Aug. 25. That includes 71 Claire's and Icing stores across the Northeast. The closures add to the financial pressure facing the mall chain, which filed for bankruptcy earlier in August. Claire's is working to restructure nearly $500 million in debt by December 2026, Bloomberg reported. Columbia, Maryland-based Ames W…

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by Chris Spiker
Business
Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing NJ Stores Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing NJ Stores
Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing NJ Stores A popular home goods retailer is declaring bankruptcy, citing President Donald Trump’s sweeping tariffs and a significant drop in consumer spending. At Home has filed for Chapter 11 bankruptcy, the Dallas-area company announced on Monday, June 16. The retailer said it reached a deal with lenders to eliminate nearly $2 billion in debt and receive a $200 million capital infusion. The move will allow At Home to continue operating during the court-supervised restructuring process. "We are continuing to offer the home furnishing pairings that customers expect to find at our store…

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by Chris Spiker
Business
CVS Closing Hundreds Of Stores Across US CVS Closing Hundreds Of Stores Across US
CVS Closing Hundreds Of Stores Across US CVS says it will close 271 retail locations across the country by the end of the year. The company — the world’s second-largest healthcare provider — announced the move to stockholders late last week as part of an enterprise-wide restructuring plan. The goal, CVS says, is to simplify the organization, improve efficiency, and generate more than $500 million in cost savings in 2025. CVS has not yet released which stores will be affected or when closures will take place. The company currently operates around 9,100 stores across the US. Founded in 1963 in Lowell, Massachusetts, CVS is n…

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by Joe Lombardi
Business
This MA Kohl’s Is Among 27 Closing For Good This Weekend, Company Confirms This MA Kohl’s Is Among 27 Closing For Good This Weekend, Company Confirms
This MA Kohl’s Is Among 27 Closing For Good This Weekend, Company Confirms Twenty-seven underperforming Kohl’s stores are set to close their doors for good this weekend, with Saturday, March 29 marking the final day of business for more than two dozen locations across the country. Closures include stores in the following states: Pennsylvania: Pottstown, 351 W. Schuylkill Road New Jersey: East Windsor, 72 Princeton Hightstown Road Massachusetts: Stoughton, 501 Technology Center Drive Virginia: Herndon, 2100 Centreville Road; Williamsburg, 100 Gristmill Plaza In addition to the store closures, Kohl’s announced it will shut down its San Bernardino E-commerce Fulfill…

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by Cecilia Levine
Business
Dollar Tree Sells Family Dollar For $1B As Tariffs, Online Rivals Pressure Discount Chains Dollar Tree Sells Family Dollar For $1B As Tariffs, Online Rivals Pressure Discount Chains
Dollar Tree Sells Family Dollar For $1B As Tariffs, Online Rivals Pressure Discount Chains Family Dollar is being sold for $1 billion — about one-ninth of what Dollar Tree paid for it a decade ago — as discount chains nationwide face fierce online competition and President Donald Trump's tariff threats. Dollar Tree will offload Family Dollar to Brigade Capital Management and Macellum Capital Management, the company said in a news release on Wednesday, Mar. 26. The deal follows a full review of strategic alternatives and is expected to close later this spring. Family Dollar will stay headquartered in Chesapeake, Virginia. The chain's current president Jason Nordin w…

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by Chris Spiker
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 Rundown In Mass. Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's Rundown In Mass.
Big Lots Expands Store Closures Amid Bankruptcy Filing: Here's Rundown In Mass. 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
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
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
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
Rite Aid Will Close Stores In Mass, Connecticut After Filing For Bankruptcy Rite Aid Will Close Stores In Mass, Connecticut After Filing For Bankruptcy
Rite Aid Will Close Stores In Mass, Connecticut 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 CT, MA Stores, Laying Off Nearly 500 Clothing Chain To Close All CT, MA Stores, Laying Off Nearly 500
Clothing Chain To Close All CT, MA Stores, 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
Business
Bed Bath & Beyond To Close More Stores In Massachusetts Bed Bath & Beyond To Close More Stores In Massachusetts
Bed Bath & Beyond To Close More Stores In Massachusetts Bed Bath & Beyond this week raised the number of stores it plans to close across Massachusetts from seven to at least 12.  The retailer said it is struggling with debt obligations and will shutter some of its least profitable stores.  Last month, executives announced it had or planned to close seven locations in the state. On Tuesday, they added five more to that list.  Those include locations in: Hadley Dorchester Seekonk North Attleborough Leominster Milford Burlington Raynham North Dartmouth Pittsfield Hudson Dedham Eight Bed Bath & Beyond locations in the state…

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by Josh Lanier
Business
New Bed Bath & Beyond Store Closures Include 7 MA Locations New Bed Bath & Beyond Store Closures Include 7 MA Locations
New Bed Bath & Beyond Store Closures Include 7 MA Locations Yet another slew of planned Bed Bath & Beyond store closures was announced, including multiple stores in Massachusetts. 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 Massachusetts spots are: 230 Fortune Boulevard in Milford 35 Highland Avenue in Seekonk 3 Abbott Park in Burlington  600 South Street West, Suite 13 in Raynham 458 State Rd, Rt 6, Suite 100 in North Dartmouth 665 Merrill Rd in Pittsfield 820 Providence Highway in Dedham…

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by Morgan Gonzales
Business
New Bed Bath & Beyond Store Closures Include 3 Massachusetts Locations New Bed Bath & Beyond Store Closures Include 3 Massachusetts Locations
New Bed Bath & Beyond Store Closures Include 3 Massachusetts 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 three locations in Massachusetts: Worcester County: 230 Fortune Boulevard, Milford  Suffolk County: 8B Allstate Road, Dorchester Bristol County: 35 Highland Ave., Seekonk 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
Local Bed Bath & Beyond Announces Closing Local Bed Bath & Beyond Announces Closing
Local Bed Bath & Beyond Announces Closing As Bed Bath & Beyond consolidates and closes locations across the nation, a local store recently announced its final days. In December, the Bed Bath & Beyond in the shopping plaza by the Holyoke Mall announced that it will be closing soon. “Visit soon for sales and great clearance finds,” said a notice posted to the store’s website. Bed Bath & Beyond, 39 Holyoke St., is located in Holyoke Crossing - a shopping plaza that includes a Red Robin, Barnes & Noble, and T. J. Maxx. Even before the pandemic hit, Bed Bath & Beyond had plans to close 200 stores as the company p…

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by Kristin Palpini
Business
H&M Ramps Up Store Closings - Number Of Shops To Be Shuttered Keeps Rising H&M Ramps Up Store Closings - Number Of Shops To Be Shuttered Keeps Rising
H&M Ramps Up Store Closings - Number Of Shops To Be Shuttered Keeps Rising The number of stores H&M is closing keeps going up. On Thursday, Oct. 1, the company said it plans to close 250 H&Ms next year. This is up from the 170 store closures for next year the fast-fashion retailer announced in June. And it’s even more than the 130 shops, H&M predicted in February it would need to close to make ends meet. H&M management blamed COVID-19 restrictions and the ensuing shift to online shopping among consumers as reasons to close. "More and more customers started shopping online during the pandemic," following temporary store closures that, at its peak,…

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by Kristin Palpini