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Friday, may 3
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Retail Industry
Business
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…
Business
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…
Business
Gould's Distinctive Clothing In Acton Closing After 89 Years Of 'Knowledgeable' Service
A men's and women's speciality clothing store that has been around for 89 years, 50 of which were in Acton, is closing forever. Gould's Distinctive Clothing, located in Gould's Plaza, is selling the last of their inventory after the store announced they would be closing for good on Wednesday, May 31. WBZ NewsRadio's Kim Tunnicliffe said staffing issues after the pandemic forced the business to close. Everything must go at #GouldsDistinctiveClothing in #Acton. Post Covid staffing issues are forcing the store to close after 89 years in business they’re even selling the clothing racks and…
News
'Unable To Attract Enough Customers': Wegmans Closing Natick Store This Summer
A lack of shoppers has become the downfall for one major location of a popular grocery store chain in Massachusetts. Wegmans announced on Thursday, June 1 that they are closing their Natick store, located at 1245 Worcester Street, this summer because the location has struggled to attract enough customers. The 365 employees at the store were told about the closure and that they would be able to keep their positions with the company at other locations. “Making these decisions is never easy. However, we do it for the long-term benefit of our people, our customers, and our communit…
Business
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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