Jump to content

List of retailers affected by the retail apocalypse

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by SeraphWiki (talk | contribs) at 02:17, 20 April 2018 (tag undefined refs as cn). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Main article: Retail apocalypse

The following retailers have all either closed or announced plans to close large numbers of retail locations during the time period known as the retail apocalypse and in some cases gone out of business entirely.

A–D

  • Aéropostale filed for Chapter 11 bankruptcy in May 2016, and closed 113 stores in the United States and all 41 stores in Canada.[2]
  • A'gaci filed for Chapter 11 bankruptcy in February 2018 and announced plans to close 49 of its 76 stores.[3]
  • Alfred Angelo bridal stores shuttered all locations on July 13, 2017, with little advance notice. Frustrated customers were handed bankruptcy forms after walking away empty-handed.[4] The company's corporate offices were abandoned and stores across the United States emptied and shuttered, but the store's official website remained active, with no reference to the closure.[5]
  • The Andersons, a conglomerate based out of Toledo, Ohio, announced in January 2017 that it would close its remaining stores in Ohio. The stores closed in June 2017 after 65 years in business.[7]
  • Arden B closed all stores by 2015 as part of a turnaroud plan by parent company Wet Seal.
  • Ascena Retail Group announced on June 12, 2017, that it would close at least 250 stores under its brands and a further 400 may close unless lower rents for their existing locations can be arranged. Ascena is the owner of several clothing brands: Ann Inc., Lane Bryant, Loft, Dress Barn, Maurices, Justice and Catherines.[9]
  • Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172.[10]
  • Best Buy issued forecasts of a 2.2% compound annual growth rate through 2021; analysts noted that competition from Amazon.com likely played into the low growth expectations.[11] Its shares dropped 10% in value (roughly $1.7 billion in market value) on the news.[11] On March 1, 2018, Best Buy announced that it will close all 250 Best Buy Mobile stores in the United States by the end of May 2018, but the Canadian locations will remain.
  • Borders Books announced on February 18, 2011 that it would close on September 14, 2011 after filing for Chapter 11 bankruptcy.
  • The Bon-Ton, a regional department store operator, filed for bankruptcy on February 5, 2018. The company said it would close 42 stores.[13]
  • Cache closed all stores in early 2015 after bankruptcy.
  • Charming Charlie filed for Chapter 11 bankruptcy protection on December 11, 2017, and plans to close 97 of its stores. [15]
  • Chico's FAS closed 120 stores by 2017 and another 50 stores are expected to be closed starting 2017.
  • Claire's filed for bankruptcy on March 19, 2018 and will close 92 stores in the process.
  • Coldwater Creek closed all stores in 2014 and became a online-only retailer operated by Sycamore Partners, until a new store opened in Burlington, MA in 2017.
  • Deb Shops went through its second bankruptcty in December 2014 and closed all its stores in March 2015. The company remains as online only plus size retailer since September 2015.

E–H

  • In May 2017, Express announced that it would be closing all of the Canadian stores, citing a challenging Canadian retail enviorement.
  • On March 2015, Best Buy announced the closure of the Future Shop chain in Canada, with 66 locations closing permanently and 65 locations reopening as Best Buy on April 4, 2015.
  • GameStop announced plans to close at least 150 stores following reports of weak earnings and a grim prediction of sales for 2017.[citation needed] GameStop has been affected by a shift in consumer purchasing habits of games as makers have made it easier to purchase titles online for download, often through consoles, requiring no physical disc.[17]
  • Gander Mountain, an outdoor recreation retailer, announced in March 2017 that it was filing for bankruptcy and would likely close stores. In May 2017, the retailer announced that it was closing all 126 of its locations. However, CEO Marcus Lemonis then indicated that certain flagship stores, particularly in Michigan, might remain open depending on deals with store landlords and rental rates.[18] It was later clarified that likely around 70 stores would remain open, even those currently running liquidation sales, possibly as Camping World, which acquired the company.[19]
  • Gymboree announced on June 12, 2017, that it had filed for bankruptcy protection and would close 375-450 of its 1,281 stores. Gymboree had recently refused to pay some bills and had over $1 billion in debt. Although the store has an online presence, only 21% of its sales came from online ordering at the time of its bankruptcy announcement, with "dated and unsupported" web systems.[citation needed]
  • Golfsmith filed for Chapter 11 Bankruptcy and closed all stores in 2016. Assets were taken over by Dick's Sporting Goods and a select amount of locations became Golf Galaxy.
  • GUESS? closed 60 stores in 2017 and is expected to close more than 100 stores in 2018,[3] leaving roughly half from its high of 400 stores.[3]
  • hhgregg, which filed for bankruptcy in March 2017, announced that it would close all 226 of its remaining locations in April 2017.[22]
  • HMV announced that it would close all 102 Canadian Stores by April 2017.

J–R

  • J. C. Penney announced in February 2017 that it would close 138 stores in 2017. Liquidation sales began on May 22, and stores closed by July 31.[24] Another 8 stores and a distribution center will close in 2018.
  • J. Crew closed 61 stores in 2017 and sporadically closed additional individual stores in the first quarter of 2018.[25]
  • KIKO MILANO US branch announced for Chapter 11 bankruptcy on January 12, 2018, closing most of its stores there. [27]
  • Kit and Ace closed all its stores in the US, UK and Australia in April 2017, and is focusing on e-commerce and its 9 Canadian shops.[28]
  • Macy's announced plans in March 2017 to close at least 68 stores and eliminate more than 10,000 jobs.[citation needed] Another 13 stores will close in 2018 leaving 19 store yet to be named.
  • Marsh Supermarkets announced on May 11, 2017, that they were filing for Chapter 11 bankruptcy protection and that if they did not find a seller in 60 days, they would close their remaining 44 locations.[29][30] Marsh eventually found buyers for 26 of its 44 stores. The remaining 18 were to be liquidated and closed and some of the other 26 would also be liquidated, as only the buildings were purchased, but not the stores' stocks of inventory.[31]
  • BCBG Max Azria announced the closure of its stores in 2017 and going to department stores and online only. BCBG Max Azria Group filed for Chapter 11 bankruptcy protection on February 28, 2017, and was taken over by Marquee Brands and Global Brands Group.[32]
  • MC Sports closed all stores in 2017 as a result of bankruptcy.[33]
  • Michael Kors announced in 2017 that it would close 100 to 125 of its standalone stores over the next two years.[34]
  • Neiman Marcus announced plans in September 2017 to close 25% of its Last Call outlet stores.[35]
  • Nike, Inc. announced plans to shift towards e-commerce and decrease its retail partners from 14,000 to 40.[36]
  • Perfumania Holdings, which sells discount perfumes, filed for bankruptcy in August 2017 and closed 64 of its 226 stores.[39]
  • Piperlime, a online Gap Inc. spin off, shutted down in April 2015 alongside its one New York store.
  • RadioShack filed for bankruptcy in March 2017 and planned to close 552 stores. This was the company's second bankruptcy filing in two years.[citation needed] By 2018, all corporate stores have closed, leaving only their e-commerce website and 400+ Authorized Dealers.
  • rue21, in April 2017, announced plans to close around 400 stores.[43] It filed for Chapter 11 bankruptcy on May 16, 2017.[44]

S–W

  • Sam's Club, a subsidiary of Walmart, closed 63 stores, and 12 of the 63 locations are expected to be converted into fulfillment centers.[45] Sam's Club locations in the United States decreased to 597.[45]
  • Sears Holdings, the parent company of Sears and Kmart, announced plans to close approximately 150 Sears and Kmart stores.[46] The retailer, as part of required reporting, stated to the Securities and Exchange Commission that it had substantial doubt that any of its stores could continue to survive. Such a report is typically considered damaging to a company, as it affects their supply line.[47] On April 20, 2017, Business Insider reported that the company was "quietly closing" more stores than it had initially announced and compiled a list of ten additional Sears and Kmart locations that were closing.[48] On April 22, Sears also announced plans to close 50 of its auto centers and 92 pharmacies within Kmart locations.[49] On June 6, 2017, they announced that an additional 72 Sears stores would be closed.[50] On June 23, they announced the closure of a further 18 Sears stores and 2 Kmarts.[51] In a blog post, Sears Holdings C.E.O. Eddie Lampert stated "more closings are coming."[52] The Canadian subsidiary, Sears Canada, successfully petitioned the courts on October 13, 2017, to allow it to close down the entire organization, including 130 stores, and liquidate all its assets by January 21, 2018, terminating around 12,000 positions.[53][54] As such, all outlets were closed on January 14, 2018.[55] Also in January 2018, Sears Holdings announced it would close 103 more stores by the end of April, 64 from the Kmart division, and 39 Sears stores.[56]
  • Sports Authority filed for Chapter 11 bankruptcy on March 2, 2016. The company's stores were sold to a group of liquidators and its CEO announced that all stores would close by the end of August 2016.[57][58]
  • Styles for Less filed for Chapter 11 bankruptcy on November 7, 2017. [59]
  • Teavana announced plans to close all 379 stores in 2018, with parent company Starbucks citing lower mall traffic, and on August 29, 2017, Simon Property Group sued Starbucks over the Teavana closures.[61]
  • Toys "R" Us filed for Chapter 11 bankruptcy in September 2017 with over $5 billion in debt.[64][65] It announced that its Canadian subsidiary would seek bankruptcy protection in parallel proceedings.[66] On January 24, 2018, the retailer announced plans to close a total of 180 of its Toys "R" Us and subsidiary Babies "R" Us locations in the United States, approximately 20% of its U.S. store base, pending court approval. At least half of the closures will come from Babies "R" Us locations. In addition to closures, the retailer plans to quickly revamp a dozen locations to better co-brand the baby and toy experience with more revamps coming, cut the number of items offered in existing stores, revamp the loyalty program and pricing model to be more competitive, and promote the baby registry business to generate more sales of higher-priced items.[67][68] In February 2018, Toys R Us announced that it will close 200 more stores. On March 8, 2018; Bloomberg News reported that Toys "R" Us is considering closing the U.S. operations entirely.[69] On March 14, 2018, the retailer announced it was shutting down all 100 of its locations in the United Kingdom, resulting in the loss of 3,000 positions.[70] Later the same day, it was announced that all U.S. locations would be sold or closed, affecting as many as 33,000 jobs.[71] Billionaire Isaac Larian of toy manufacturer MGA Entertainment has together with other investors pledged $200 million as of March 22, 2018 to salvage up to 400 of the stores.[72] Regardless, final sales at all Toys"R"Us and Babies"R"Us began on March 23, 2018.[73]
  • Vitamin World, a retailer of vitamins and health supplements, filed for Chapter 11 bankruptcy on September 12, 2017. The company plans to close 51 stores out of the 334 total; already 45 stores have been closed since 2016.[77]
  • Wet Seal filed for its second bankruptcy in January 2017 and announced plans to close all its stores, which numbered 171 at the time.[78]
  • Winn-Dixie's parent company, Southeastern Grocers, filed for Chapter 11 bankruptcy on March 15, 2018. They are current set to close down 94 out of 528 of their stores, many of which will have their related leases rejected and lease rejection claims rendered unimpaired.

References

  1. ^ Daphne Howland, Aerosoles files for Chapter 11 bankruptcy September 18, 2017
  2. ^ Aeropostale files for bankruptcy, will close 113 stores across U.S. May 4, 2016
  3. ^ a b c 9 fashion retailers on life support Pamela N. Danziger, Forbes.com 2018/01/14
  4. ^ Atwater, John (July 13, 2017). "Frustrated Alfred Angelo customers leave disappointed: 'It's extremely frustrating'". WCVB-TV. Retrieved July 13, 2017.
  5. ^ "Bridal store chain suddenly going out of business". WPXI. July 13, 2017. Retrieved July 13, 2017.
  6. ^ Shan, Li (January 16, 2017). "American Apparel starts mass layoffs as company winds down operations". Los Angeles Times. Retrieved April 17, 2017.
  7. ^ Final day of The Andersons Toledo Blade 2017/06/03
  8. ^ Verdon, Joan (14 November 2015). "A&P granted extension to file bankruptcy plan". NorthJersey.com. USA Today Network. Retrieved 10 November 2016.
  9. ^ Gmiter, Tanda (June 12, 2017). "Up to 650 Ann Taylor, Lane Bryant, Dress Barn, Loft stores to close". MLive.com (Booth Newspapers). Retrieved June 12, 2017.
  10. ^ Rizzo, Lillian (April 21, 2017). "Retailer Bebe Plans to Close Its Stores". Wall Street Journal. Retrieved April 23, 2017.
  11. ^ a b Joe Ciolli, Best Buy is the latest victim of the retail apocalypse as pressure from Amazon sends shares plunging 10% Business Insider September 19, 2017
  12. ^ Zackie Binkes. "Bloomingdale's store closing at Fashion Show mall". Vegas Inc. Retrieved February 8, 2014.
  13. ^ Rizzo, Lillian. "Retailer Bon-Ton files for Chapter 11 bankruptcy". MarketWatch. Retrieved 2018-02-05.
  14. ^ "Brookstone Files for Bankruptcy and Plans to Sell Itself". Dealbook. April 3, 2014.
  15. ^ Zumbach, Lauren (December 11, 2017). "Charming Charlie seeks bankruptcy court approval to close 6 Illinois stores". Chicago Tribune. Retrieved January 4, 2018.
  16. ^ Land of Nod closes nearly all its stores Chicago Tribune, Samantha Bomkamp, February 12, 2018
  17. ^ Rosen, Ben (March 26, 2017). "GameStop closures: Is this the end of brick-and-mortar video game shops?". Christian Science Monitor. Retrieved April 11, 2017.
  18. ^ Gmiter, Tanda (May 6, 2017). "Some Gander Mountain stores in Michigan may survive nationwide closings". MLive.com (Booth Newspapers). Retrieved May 7, 2017.
  19. ^ Driscoll, Kara (May 7, 2017). "Gander Mountain liquidating Huber Heights store, but will remain open". WHIO-TV. Retrieved May 8, 2017.
  20. ^ More than 3,600 stores will close in 2018 — here's the full list Hayley Peterson, Business Insider, December 31, 2017
  21. ^ "Some Gordmans department stores bought by rival, will remain open". The Denver Post. March 30, 2017. Retrieved September 14, 2017.
  22. ^ "HHGregg Will Close All 220 of Its Stores After Failing to Find A Buyer". Fortune. April 7, 2017. Retrieved September 14, 2017.
  23. ^ Hudson's Bay to sell Lord & Taylor Fifth Ave building Nichola Saminather and Yashaswini Swamynathan, Rueters, October 24, 2017
  24. ^ Driscoll, Kara (April 13, 2017). "JC Penney postponing store closures". WHIO-TV. Retrieved April 13, 2017.
  25. ^ Cassi, Sarah (March 15, 2018). "J. Crew, Ann Taylor out at Lehigh Valley Mall". lehighvalleylive.com. Retrieved March 24, 2018.
  26. ^ Kenneth Cole Is Shutting Down All Of Its Outlet Stores Madeline Farber, fortune.com November 13, 2016
  27. ^ "Cosmetics chain Kiko files for bankruptcy, to close most stores". Reuters. January 12, 2018. Retrieved March 19, 2018.
  28. ^ Clothing chain Kit and Ace closes stores outside Canada ANDREW WILLS AND MARINA STRAUSS, The Globe and Mail April 26, 2017
  29. ^ Mack, Justin L.; Roysdon, Keith (May 11, 2017). "Marsh files for Chapter 11 bankruptcy, still seeking buyer". Indianapolis Star. {{cite news}}: Unknown parameter |last-author-amp= ignored (|name-list-style= suggested) (help)
  30. ^ Olson, Scott (May 11, 2017). "UPDATE: Marsh Supermarkets files for Chapter 11 bankruptcy protection". Indianapolis Business Journal.
  31. ^ Bangert, Dave (June 15, 2017). "Bangert: A lament as liquidation starts at 'my Marsh' – 'These are my friends'". Lafayette Journal & Courier.
  32. ^ Deborah Belgum, Hundreds Get Final Pink Slips at BCBG Max Azria TLM Publishing Corp, July 11, 2017
  33. ^ "Another sporting goods retail chain files for bankruptcy". USA Today. February 15, 2017. Retrieved September 14, 2017.
  34. ^ Lauren Gensler, Michael Kors Is Buying Jimmy Choo For $1.2 Billion forbes.com July 25, 2017
  35. ^ How Department Stores Are Killing Off The Full-Price Apparel Business Barbara Thau, Forbes.com November 3, 2017
  36. ^ Nike’s plan to survive the retail apocalypse Business Insider, October 2017
  37. ^ The retail apocalypse just sabotaged Nordstrom's attempt to go private — and the whole industry is getting hit, Business Insider, Joe Ciolli, October 16, 2017
  38. ^ "Payless ShoeSource Files For Bankruptcy, To Close 400 Stores". HuffPost. April 5, 2017. Retrieved September 14, 2017.
  39. ^ "Perfumania is closing a quarter of its stores". CNN Money. August 28, 2017. Retrieved September 14, 2017.
  40. ^ a b Lauren Hamer, 15 Retailers That Are Horribly Failing to Attract Customers September 15, 2017
  41. ^ Ralph Lauren to close flagship Fifth Avenue store and cut jobs Crain's New York, 2017-04-04
  42. ^ Ralph Lauren to close flagship Fifth Avenue store, cut jobs bloomberg.com 2017-04-04
  43. ^ Driscoll, Kate (April 17, 2017). "LOCAL IMPACT: Another teen clothing retailer to close 400 stores". WHIO-TV. Retrieved April 17, 2017.
  44. ^ "Rue21 files for Chapter 11 bankruptcy as shopping mall stores suffer". USA Today. May 16, 2017. Retrieved May 16, 2017.
  45. ^ a b 63 Sam's Club stores are closing their doors Jackie Wattles and Ben Geier, CNN Money, January 11, 2018
  46. ^ Driscoll, Kara (March 22, 2017). "Are Sears and Kmart closing near you? Company issues somber notice". Dayton Daily News. Retrieved April 10, 2017. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  47. ^ Nandita Bose and Richa Naidu (March 23, 2017). "With Sears' future in doubt, vendors begin pulling back". Reuters. Retrieved April 10, 2017.
  48. ^ Peterson, Hayley (April 20, 2017). "Sears has been quietly closing more stores than it said it would — here's the list". Business Insider. Retrieved April 22, 2017.
  49. ^ Marotti, Ally (April 22, 2017). "Sears to close 50 auto centers, 92 Kmart pharmacies to cut costs". Chicago Tribune. Retrieved April 22, 2017. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  50. ^ "Report: Sears closing 72 stores, including some in Oklahoma". KFOR-TV. June 6, 2016. Retrieved June 6, 2017.
  51. ^ Bhattarai, Abha (June 23, 2017). "Sears says it will close 20 more stores". Washington Post. Retrieved June 23, 2017. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  52. ^ Wahba, Phil (July 7, 2017). "Sears is closing another 43 stores and says its vendors are nervous". Fortune. Retrieved July 7, 2017. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  53. ^ Evans, Peter (October 13, 2017). "Court OK's Sears Canada liquidation, all stores to clos". CBC News. Retrieved October 14, 2017.
  54. ^ These terrifying photos of Sears clearance sales in Canada show the devastating impact of the retail apocalypse Kate Taylor, Business Insider, October 24, 2017
  55. ^ "Final Sears Canada stores shuttered for good". Canadian Broadcasting Corporation. CBC News. 14 January 2018. Retrieved 15 January 2018.
  56. ^ "Sears is closing 103 stores — here's where they will shut down". Business Insider. 2018-01-04. Retrieved January 16, 2018.
  57. ^ "Sports Authority's Stores Have Been Sold To A Trio Of Liquidators, All Will Close – Consumerist". Consumerist.com. 2016-05-17. Retrieved 2016-09-04.
  58. ^ "About Us". SportsAuthority.com. Retrieved 2016-07-17.
  59. ^ Bomey, Nathan (November 7, 2017). "Bankruptcy: Styles for Less files for Chapter 11 protection". USA today. Retrieved January 4, 2018.
  60. ^ Harris, Sophia (April 1, 2015). "Target Canada to close all stores by April 12". Canadian Broadcasting Corporation. Retrieved March 7, 2018.
  61. ^ "Starbucks is shuttering all of its Teavana stores as the retail apocalypse kills off American malls". July 27, 2017. Retrieved July 27, 2017.
  62. ^ "The Walking Company files second bankruptcy in 10 years". Retail Dive. 2018-03-08. Retrieved 2018-03-19.
  63. ^ "NY supermarket chain Tops files bankruptcy, cites debt and Amazon". CNBC. 2018-02-21. Retrieved 2018-02-21.
  64. ^ Schultze, George (September 20, 2017). "Bankruptcy Is No Plaything – Toys 'R' Us Files For Chapter 11". Forbes. Retrieved September 20, 2017.
  65. ^ M. Andrews, Travis (September 20, 2017). "Toys 'R' Us files for bankruptcy, the latest victim of the 'retail apocalypse'". Washington Post. Retrieved September 20, 2017.
  66. ^ Hirsch, Lauren (September 19, 2017). "Toys R Us files for Chapter 11 bankruptcy protection". CNBC. Retrieved September 19, 2017.
  67. ^ "Toys 'R' Us Is Closing 180 U.S. Stores After Declaring Bankruptcy". Fortune. January 24, 2018. Retrieved January 24, 2018. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  68. ^ Here Are The 180 Toys 'R' Us Stores That Are Closing Fortune magazine, PHIL WAHBA, 2018/01/24
  69. ^ Coleman-Lacher, Lauren; Townsend, Matthew; Ronalds-Hannon, Eliza (March 8, 2018). "Toys 'R' Us is Prepping to Liquidate Its U.S. Operations". Bloomberg. Bloomberg News. Retrieved 8 March 2018.
  70. ^ Butler, Sarah (March 14, 2018). "Toys R Us to shut all UK stores, resulting in 3,000 job losses". The Guardian. Retrieved March 14, 2018.
  71. ^ Bhattarai, Abha (March 14, 2018). "Toys R Us to close all 800 of its U.S. stores". Washington Post. Retrieved March 14, 2018. {{cite news}}: Italic or bold markup not allowed in: |publisher= (help)
  72. ^ http://time.com/5210486/toys-r-us-bankruptcy-isaac-larian-bratz-mga/?xid=homepage
  73. ^ Thomas, Lauren (March 23, 2018). "Toys R Us liquidation sales start after a brief delay". cnbc.com. CNBC. Retrieved March 23, 2018.
  74. ^ "True Religion to close 27 stores after bankruptcy filing: See the list". USA Today. July 5, 2017. Retrieved September 14, 2017.
  75. ^ Bankruptcy Court Approves True Religion’s Reorganization Plan Women's Wear Daily, Vicki M. Young, October 6, 2017
  76. ^ "Vanity Closing Its Stores After Filing for Bankruptcy". US.News. March 2, 2017. Retrieved September 14, 2017.
  77. ^ Vitamin World files for bankruptcy, plans to close 50 stores retaildive.co
  78. ^ "Teen retailer Wet Seal is suddenly closing all of its stores". January 27, 2017. Retrieved April 17, 2017.
Retrieved from "https://en.wikipedia.org/w/index.php?title=List_of_retailers_affected_by_the_retail_apocalypse&oldid=837318416"