Tag: store closures

CEO of America’s biggest mall owner says some retailers are excited for growth opportunities in 2021

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania.Jennah Moon | Bloomberg | Getty ImagesSimon Property Group, the biggest mall...

Toys R Us’ last two stores in the U.S. are closed for good

New Toys"R"Us store opens at Garden State Plaza in Paramus, New Jersey.Source: Tru Kids BrandToys R Us has closed the only two stores it...

Belk’s top lenders, including KKR, looking to avoid taking department store through bankruptcy, WSJ says

Belk department storeJohn Greim | LightRocket | Getty ImagesKKR, Blackstone and other major lenders to Belk are in talks with the North Carolina-based department...

Francesca’s will close 140 stores, may file for bankruptcy

A pedestrian walks by a Francesca's store in New York.Scott Mlyn | CNBC Francesca's said Monday that it will permanently close about 140 stores...

Heartbreak For Small Stores – A Second Lockdown Could Force Many Retailers To Close Forever

As a second lockdown looms for England, smaller businesses face a tragic time, as those who begged ... ...

JC Penney hits ‘stalemate’ with potential buyers. Lenders to make bid for department store in bankruptcy

An empty parking lot is seen outside a closed JC Penney Co. store in Mt. Juliet, Tennessee, on Thursday, April 16, 2020.Luke Sharrett |...

The clothing rental start-up Rent the Runway is closing all of its stores for good

The fitting rooms at Rent the Runway's flagship store in New York City.Source: Rent the RunwayThe coronavirus pandemic has taken a toll on many...

Microsoft Exits Retail: What Are The Implications For Other Brands?

People walk past a Microsoft store entrance with the company's logo on top in midtown Manhattan at ... ...

Microsoft Store Closures Are A Signal About The Future Of Retail

Microsoft store on 5th Avenue in New York City. (Photo by Nicolas Economou/NurPhoto via Getty ... Images) ...

Retailers, If You Think 2020 Is Bad, Wait Because It Is Going To Get Worse

“Retailers need to start to push harder and be more unconventional,” says Katie Thomas, leader of ... the...

Tiffany Stock Plunges 9% After Report That LVMH Deal Could Fall Through

TOPLINE Shares of Tiffany & Co. plunged on Tuesday after a report that its blockbuster $16.2 billion takeover by luxury goods giant LVMH, which...

These 10 States Have The Highest Record Unemployment Rates

TOPLINE With the coronavirus pandemic resulting in widespread business shutdown that have wreaked havoc on the U.S. economy, unemployment rose to record highs in...

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