Overcast 45°
Tag:

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…

SHARE

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…

SHARE

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…

SHARE

by Josh Lanier
Business
Massachusetts Staple Christmas Tree Shops Now Plans To Close All Its Stores Massachusetts Staple Christmas Tree Shops Now Plans To Close All Its Stores
Massachusetts Staple 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…

SHARE

by Joe Lombardi
Lifestyle
Clothing Chain To Close All Stores, Including 17 In Massachusetts, Laying Off Nearly 500 Clothing Chain To Close All Stores, Including 17 In Massachusetts, Laying Off Nearly 500
Clothing Chain To Close All Stores, Including 17 In Massachusetts, 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 …

SHARE

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…

SHARE

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…

SHARE

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.

SHARE

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…

SHARE

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…

SHARE

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…

SHARE

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,…

SHARE

by Kristin Palpini