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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 Seven MD Stores, 290+ Nationwide After Bankruptcy Filing: See Which Ones Claire's Closing Seven MD Stores, 290+ Nationwide After Bankruptcy Filing: See Which Ones
Claire's Closing Seven MD 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 Stores Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing Stores
Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing 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
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