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Store Closures

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
PA Christmas Tree Shops Stores Among 10 National Store Closures PA Christmas Tree Shops Stores Among 10 National Store Closures
PA Christmas Tree Shops Stores Among 10 National Store Closures Christmas Tree Shops has announced it will close 10 of its stores after filing for bankruptcy. The 53-year-old discount home-goods chain offers seasonal decor year-round, along with assorted gifts, kitchen items, and furniture. The 10 stores closures are: Rockland County, New York: 32 Spring Valley Marketplace, Spring Valley; Jefferson County, New York: 21182 Salmon Run Mall Loop West, Watertown; Cape Cod, Massachusetts: Davis Straits, Route 28 Falmouth Plaza, Falmouth, Massachusetts; Barnstable County, Massachusetts: Cranberry Highway Route 6A, Sagamore; Lancaster County, Pennsylvania:…

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by Joe Lombardi
Business
Bed Bath & Beyond Closures Include Four Pennsylvania Locations Bed Bath & Beyond Closures Include Four Pennsylvania Locations
Bed Bath & Beyond Closures Include Four Pennsylvania Locations Four Bed Bath & Beyond stores across Pennsylvania are among 87 locations scheduled to close in 2023, the struggling retailer announced. That brings the total number of Bed Bath & Beyond locations scheduled to close to at least 162 announced since September 2022. A spokesperson told Axios that the latest round of closures will include all of the company's Harmon beauty shops, as well as five Buy Buy Baby locations. The following locations in Pennsylvania are set to close in 2023: Bethel Park, 1700 Oxford Drive North Wales, 1261 Knapp Road Pittsburgh, 160 Quinn Drive  Mon…

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by Cecilia Levine
Business
Bed Bath & Beyond To Shutter This Pennsylvania Location Bed Bath & Beyond To Shutter This Pennsylvania Location
Bed Bath & Beyond To Shutter This Pennsylvania Location One Pennsylvania Bed Bath & Beyond store will shutter by the end of the year, the company announced this week. The company said earlier this year it planned on closing 150 stores, and on Thursday, Sept. 15, released a list of 56 that will close by the end of 2022. The Pennsylvania store closing is in Wynnewood, located at 70 E. Wynnewood Blvd. Pennsylvania has 23 Bed Bath & Beyond stores. The CEO of the home good retailer leapt to his death early this month from a New York City building. Shares in Bed Bath & Beyond dropped sharply in August, after the company ann…

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by Cecilia Levine
News
CVS To Close 900 Stores CVS To Close 900 Stores
CVS To Close 900 Stores CVS Health will be closing 900 stores across the US in the next three years, the company announced Thursday. "The company has been evaluating changes in population, consumer buying patterns and future health needs to ensure it has the right kinds of stores in the right locations for consumers and for the business," according to the news release.  "As part of this initiative, CVS Health will reduce store density in certain locations and close approximately 300 stores a year for the next three years." Approximately 300 stores will close each year for the next three years, said the drug …

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by Cecilia Levine