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These 4 retailers have filed for bankruptcy or liquidation in 2020
Retailers are already filing for bankruptcy in 2020.Papyrus and Earth Fare are two major names that are slated to shut down all remaining stores.Not all retail bankruptcies result in outright...
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Bed Bath & Beyond is closing 200 stores as quarterly sales tumble nearly 50%
Bed Bath & Beyond plans to shutter about 200 stores over the next two years.On July 8, the company published an investor relations presentation that revealed Bed Bath & Beyond intends to "lean...
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Bankrupt JCPenney said it would have to close about 30% of its stores. Here...
JCPenney, which filed for bankruptcy in May, said it would have to close a significant number of its stores. It has since made a series of announcements revealing the stores that are slated to...
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Stein Mart files for Chapter 11 bankruptcy and says all of its stores could...
Stein Mart filed for Chapter 11 bankruptcy Wednesday, and is also exploring a sale of its e-commerce business. The company was struggling to revive sales even before the coronavirus pandemic hit. "The...
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Owner of Aeropostale, Forever 21, Juicy Couture set to buy Brooks Brothers...
Brooks Brothers announced that Authentic Brands Group and SPARC Group LLC were the winning bidders for the suiting company, which filed for Chapter 11 bankruptcy last month.ABG and SPARC increased its...
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Stein Mart announces it will close all 279 of its stores just one day after...
All of Stein Mart's 279 stores are closing for good, a group of liquidators announced on Thursday.The off-price retailer filed for Chapter 11 bankruptcy on Wednesday."We are encouraging shoppers to...
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Estee Lauder is slashing up to 2,000 jobs and closing up to 15% of its stores...
Estée Lauder announced its "Post-COVID Business Acceleration Program" on Thursday, a plan that involves a series of sweeping cuts in order to account for sales slumps during the pandemic. As part of...
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Toys R Us partners with Amazon on its relaunched website 3 years after toy...
Target has ended its relationship with Toys R Us as the exclusive fulfillment partner for the toy retailer's website and partnered with Amazon instead.The Toys R Us website was relaunched in October...
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Nike is expected to cut ties with Zappos, Belk, Dillards and five other...
Nike is cutting ties with Zappos, Belk, Dillards, Boscov's, Bob's Stores, Fred Meyer, EBLens, VIM, and City Blue, according to a Susquehanna Financial Group report. In response to the report, Nike said...
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More than 225 Gap and Banana Republic stores will close this year
Gap Inc. is closing more than 225 Gap and Banana Republic stores this year, it said in its earnings release on Thursday. The company was already planning on closing a number of stores this year, but...
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49 stores you once loved that don't exist anymore
Summary List PlacementFor more stories about brands you love: Subscribe to our new podcast, "Household Name"SEE ALSO: 50 haunting photos of abandoned shopping malls across AmericaThom McAn was a chain...
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Insider Retail: Malls seek solutions for salvation, luxury goods are booming...
Summary List PlacementWhy hello there, happy Friday. For those of you who don't know me, my name is Bethany Biron, and I'm happy to announce I will be joining my colleague Shoshy Ciment to help deliver...
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British grocer Sainsbury's is cutting 3,500 jobs and closing more than 80% of...
Summary List PlacementBritain's second-biggest grocer Sainsbury's has said it will cut 3,500 jobs and close 80% of standalone stores belonging to Argos, the catalog retail chain it bought in 2016.The...
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CEO of logistics startup that works with Sephora, Home Depot, and Levi's...
Summary List PlacementThis holiday season has brought with it warnings for shoppers to get their gift-buying done early to avoid delays. The US Postal Service's website currently warns customers: "USPS...
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Experts say these 9 retail brands are prime M&A targets in 2021
Summary List Placement2020 forced many retailers to look hard at their physical store footprint and rethink e-commerce. 2021 could be the year many specialty retailers like Gamestop and Lululemon take...
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These 4 startups are helping retailers tap into micro-warehouses and...
Summary List PlacementThe question of honing e-commerce capabilities has proven to be a bit of a conundrum in the retail world.On the one hand, online giant Amazon has, in many ways, defined what it...
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The judge who presided over JCPenney's and Neiman Marcus' bankruptcies...
Summary List PlacementThe year 2020 was a grim one for retail. As of December 17, 51 retail companies had filed for bankruptcy, the highest total for a single year since 2009, according to S&P...
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Best Buy is quietly closing US stores across 4 states
Summary List PlacementBest Buy is closing five stores across the US over the next month, the retailer confirmed to four local news outlets.The retailer plans to close two Richmond, Virginia area...
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Disney plans to close at least 60 stores across North America in 2021
Summary List PlacementDisney plans to close 60 stores across North America by the end of 2021 to focus on e-commerce, the company announced Wednesday.The closures will affect 20% of Disney's 300 global...
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Experts say brick-and-mortar retailers could rebound post-pandemic — but only...
Summary List PlacementRetailers that survived the COVID-19 pandemic are going to have to make some changes if they want to stay alive in the as the economy picks up steam again.In 2020, dozens of...
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