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Advance Auto Parts To Close Over 700 Stores Advance Auto Parts To Close Over 700 Stores
Advance Auto Parts To Close Over 700 Stores A nationwide auto parts retailers says it will close over 700 stores as part of “a strategic plan to improve business performance.” Advance Auto Parts, which has about 4,800 total stores, and locations in almost every state, made the announcement on Thursday, Nov. 14. The affected outlets will close by May 2025 and are made up of 523 corporate stores, and 204 independently owned locations. In addition, four distribution centers will also close. Specific locations to be closed have not yet been announced. In announcing the move, President and Chief Executive Officer Shane O’Kelly said…

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by Joe Lombardi
Business
Walgreens To Close 1,200 Stores Walgreens To Close 1,200 Stores
Walgreens To Close 1,200 Stores Walgreens plans to close about 1,200 stores over three years amid a decline in prescription drug payments and a rise in online competition. About 500 closures will come in 2025, the company announced in a statement released Tuesday morning, Oct. 15. Specific sites for store closures were not announced. Walgreens said its operating loss in fiscal 2024 was $14.1 billion, an increase of 104.5 percent compared to the year-ago period. Retail sales decreased 3.5 percent compared with the year-ago quarter, "reflecting a challenging retail environment and continued channel shift," Walgreens s…

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by Joe Lombardi
Business
7-Eleven To Close Hundreds Of Stores 7-Eleven To Close Hundreds Of Stores
7-Eleven To Close Hundreds Of Stores Convenience store chain 7-Eleven is closing hundreds of stores in North America. Parent company Seven & I Holdings said that the 444 locations were “underperforming.” They make up about 3 percent of 7-Eleven's total of around 13,000 outlets in the US, Canada, and Mexico. Specific sites of the stores have not yet been released. In announcing the closures, the company said that 7-Eleven stores saw a 7.3 percent decline in traffic in August, saying a "pullback in consumer spending has persisted beyond prior expectations" that has affected store traffic and sales growth "as consu…

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by Joe Lombardi
Business
Big Lots To Close Pair Of NY Stores Big Lots To Close Pair Of NY Stores
Big Lots To Close Pair Of NY Stores Discount retail chain Big Lots plans to close around 40 stores this year, according to a filing with the Securities & Exchange Commission (SEC). It currently has around 1,425 stores nationwide. Six stores in New York, Connecticut, and Massachusetts are slated to close, with both New York stores on Long Island. No store closures are scheduled for New Jersey. The company cited rising costs and inflation as reasons for the move and said a bankruptcy filing could be coming. Stores in the Northeast slated for closure are as follows: New York 260 Voice Road, Carle Place 231 Centere…

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by Joe Lombardi
Business
Stop & Shop Closing 32 Stores, Including In Westchester Stop & Shop Closing 32 Stores, Including In Westchester
Stop & Shop Closing 32 Stores, Including In Westchester Stop & Shop announced they plan to close 32 underperforming stores, including seven in New York. The supermarket 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 company said Stop & Shop associates at impacted locations will be offered other opportunities within the company.  “Stop & Shop is proud of the deep roots and community ties we have de…

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by Kathy Reakes
Business
Big Lots Closing Capital Region Store Big Lots Closing Capital Region Store
Big Lots Closing Capital Region Store Big Lots is closing one of its stores, leaving just three locations left in the region. In Albany County, the discount retailer will shutter its Colonie store – located at 1892 Central Avenue – by the end of January 2024, a company spokesperson confirmed to Daily Voice. “Consistent with standard retail practices, we review our store footprint on an ongoing basis to make sure we’re best positioned to serve our customers and our business,” they said. “Sometimes this process results in store closings or relocations.” Big Lots shoppers can still visit the following Capital Region locations: M…

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by Michael Mashburn
Business
Sears' Last Full-Service Store In Hudson Valley To Close Sears' Last Full-Service Store In Hudson Valley To Close
Sears' Last Full-Service Store In Hudson Valley To Close The last full-service Sears store in the Hudson Valley has announced it will be closing next month after 43 years of serving the community.  The Orange County store, located in the Newburgh Mall, announced on Facebook on Aug. 31 that it would be closing its store on Sunday, Oct. 16. "It's with a heavy heart to be announcing the Sears Store at the Newburgh Mall is closing its doors on October 16th. We want to thank the community for its support over the last 43 years here in the Newburgh Mall," the company said. They went on to announce sales that included everything from refrigerators…

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by Kathy Reakes