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Thursday, jun 4
Tag:
Store Closures
Business
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…
Business
Claire's Closing 18 PA 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…
Business
Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing PA 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…
Business
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…
Business
This PA Kohl’s Is Among 27 Closing This Weekend, Company Confirms
Twenty-seven underperforming Kohl’s stores are set to close their doors for good this weekend, with Saturday, March 29 marking the final day of business for more than two dozen locations across the country. Closures include stores in the following states: Pennsylvania: Pottstown, 351 W. Schuylkill Road New Jersey: East Windsor, 72 Princeton Hightstown Road Massachusetts: Stoughton, 501 Technology Center Drive Virginia: Herndon, 2100 Centreville Road; Williamsburg, 100 Gristmill Plaza In addition to the store closures, Kohl’s announced it will shut down its San Bernardino E-commerce Fulfill…
Business
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…
Business
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 …
Business
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…
Business
Macy’s Closing 4 PA Locations Including Wanamaker Center City Philly Store
Macy’s, Inc. confirmed Thursday, Jan. 9, that its Center City Philadelphia store in the historic Wanamaker building will close, along with three other Pennsylvania locations, as part of the company's nationwide "Bold New Chapter" strategy. The Wanamaker building store at 1300 Market Street will shut its doors permanently, along with Macy’s locations at: Logan Valley Mall Exton Square Mall Wyoming Valley Mall These closures are part of Macy’s plan to eliminate 150 "underproductive stores" over three years, allowing the retailer to focus resources on 350 "go-forward" locations nationwide, …
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