Store Closing List 2020: Macy's, Pier 1, Zara, Nordstrom, and More
Between the catastrophic effects of COVID-19 & aposs on retail and the continuing increase in online shopping, 2020 has published a list of store closures that is predictably extensive. According to a recent report by retail data company Coresight Research, 20,000 to 25,000 stores in the U.S. could be closed permanently this year. More than 4,000 stores say they have closed this year so far. More than half of the closures would be located in shopping centers that are already in danger, but have faced particular challenges due to social distance.
Before the health crisis, some retailers filed for bankruptcy and began to close physical locations, but the number has increased in recent weeks. J. Crew, Neiman Marcus and J.C. Penney are among the companies filing for bankruptcy protection while the bankrupt sporting goods retailer Modell & aposs stopped the liquidation sale and closed all of its business.
However, it's not all dark: While some of your favorite retailers are closing selected locations, some plan to focus savings on a focus on e-commerce, like most of us shop nowadays anyway.
Below is a list of store closure updates.
Bathing and body work
Stock up now with Perfect Peony Body Splash: The parent company of Bath & Body Works & apos, L Brands, announced in May 2020 that 50 locations in the United States and one store in Canada will be closed in 2020. The closures mainly affect the shopping mall locations. It is not all bad news for the brand: Although the majority of the shops in the shopping centers are disappearing, 26 new locations will be opened this year.
The company, which operates several well-known mall jewelry stores, including Kay Jewelers, Zales, Jared, H. Samuel, and Piercing Pagoda, announced in June 2020 plans to close 150 U.S. and 80 UK stores as soon as possible, and at least one another deal to close 150 stores before year-end citing the impact of the COVID-19 pandemic
In March 2019, Gap announced that around 230 stores will be closed over the next two years due to falling sales. The locations will be closed or closed from January 2020.
Related: First, check out the GQ x Gap Coolest Designers Collection
Short pullover sweatshirt in French Terry
$ 35.00, gap
Short-cut denim jacket
$ 79.95.00, gap
Maternity cropped overalls in Tencel
$ 49.00 gap
Petite high-rise skinny ankle jeans
$ 49.00 gap
Victoria & aposs secret
The controversial lingerie retailer Victoria & aposs Secret & aposs, the parent company of L Brands, announced in May 2020 that it plans to close a quarter of its stores - 250 locations - in the U.S. and Canada in the coming months. The brand also said further closings could be in the offing in the next few years. According to CNN, there are around 1,100 Victoria & aposs Secret locations in North America.
The paper and stationery chain Papyrus filed for bankruptcy in January 2020, resulting in plans to close all 254 stores in the U.S. and Canada.
Retailers offer sales after Christmas
Fast fashion retailer Zara has been hard hit by COVID-19 and will close more than 1,000 retail locations.
In June 2020, the parent company of fast fashion retailer & aposs, Inditex, announced plans to close between 1,000 and 1,200 stores over the next two years and redirect resources into online sales strategies due to the ongoing COVID-19 pandemic. The company has not announced & apost which Zara locations will be affected, but said in a statement that closures will be "end-of-life deals".
Openwork embroidered dress
$ 69.9.00, Zara
$ 39.9.00, Zara
Mom fit jeans
$ 39.9.00, Zara
Embroidered voluminous top
$ 39.9.00, Zara
Chico & Aposs
Chicos FAS, the parent company of the clothing chain Women & Aposs, announced in a 2019 press release that it will close 250 locations over the next three years and make more efforts to sell online. The company also operates the black market in the White House and Soma.
The department filed for bankruptcy in May 2020 and planned to close about 30% of its 846 stores, many of which are in shopping centers. In June 2020, Business Insider published a list of JCPenney locations that will be closed as part of the first phase.
Macy & Aposs
In February 2020, the Macy & aposs department store announced that it would close 125 stores and cut thousands of corporate offices over the next three years. In addition, several office locations across the country will be closed and customer service centers consolidated. The location of the retailer & aposs Manhattan, New York, will become its only corporate headquarters.
Plus size puff sleeve mini dress
$ 89.00, Macy & Aposs
Michael Kors Women's & Aposs Slim Runway Olive Aluminum Watch
$ 195.00, Macy & Aposs
Raisin Curve Wild Romance Printed Bikini
$ 70.00, Macy & Aposs
St. Tropez Self Tan Classic Bronzing Mousse
$ 42.00, Macy & Aposs
G.H. Bass and Wilson & Aposs Leather
New York-based fashion manufacturer G-III Apparel Group Ltd. announced in June 2020 that all 110 Wilsons Leather and 89 G.H. Bass shops.
Pier 1 imports
The furniture chain plans to close 450 branches - around half of all locations - the company announced in January 2020 with falling sales. The CEO of Retailer & Aposs also said that there are plans to reduce the number of company managers and to close selected distribution centers.
In 2019, it was announced that 183 Destination Maternity locations would be closed after the company applied for Chapter 11 bankruptcy protection. Maternity Maternity and A Pea in the Pod also fall under the parent company of the retailer & aposs and are affected. USA Today released the list of closures the same year they were announced. The online trade runs under Motherhood Maternity.
Flower wrap long sleeve maternity maxi dress
$ 55.00, Maternity Maternity
Plus size full coverage nursing bra
$ 35.00, maternity maternity
Super stretch skinny maternity jeans
$ 39.98.00, Maternity Maternity
Ruched two-piece maternity tankini swimsuit UPF 50+
$ 50.00, maternity maternity
Model & aposs
From March 2020, the bankrupt sporting goods dealer Modell & aposs stopped the liquidation sale and closed all of its shops, according to Crains.
In early 2020, the fashion retailer Express announced that it would close 100 stores by 2022.
Nordstrom announced in June 2020 that it will permanently close all three Jeffrey Designer clothing stores (which it owns) in addition to the 16 Nordstrom department stores it plans to close.
Veja V-10 sneaker
$ 150.00, Nordstrom
Nars Radiant Creamy Concealer
$ 30.00, Nordstrom
Lacing of the strapless high / low cocktail dress
$ 179.00, Nordstrom
AMOENA Rhodes one-piece swimsuit
$ 58.00, Nordstrom
NY & Co.
The parent company of the retail clothing chain & aposs, RTW Retailwinds, announced plans to close 27 stores in its portfolio by 2020, including 19 locations in New York & Company, four stores in Fashion to Figure and four stores in New York & Co.
A. C. Moore
The AC Moore craft chain plans to close all 145 of its stores in 2020. This is the result of an announcement by the parent company Nicole Crafts in November 2019. The company plans to acquire around 40 locations and convert them into Michael's craft stores, a former competitor to AC Moore.
In October 2019, the fast fashion mega chain announced that it would file Chapter 11 bankruptcy and planned to close up to 178 U.S. locations. "Decisions about which domestic deals to close are ongoing until talks with landlords continue," a retail spokesman told Glamor in 2019. A month later, however, the company planned to reduce closings in the U.S. to 88 locations. E-commerce for retailers is business as usual.
Tie-dye drawstring hoodie
$ 25.00, forever 21
Plus size cami bodysuit
$ 9.99.00, Forever 21
Low impact longline sports bra
$ 14.99.00, Forever 21
Transparent synthetic leather block heels
$ 24.99.00, Forever 21
The Kinder & Aposs Platz
The children's and apos apparel retailer The Children’s Place announced in June 2020 that it will close 300 of its 920 stores in the United States, Canada and Puerto Rico, 200 of which are planned for this year and 100 for 2021. E-commerce will be the focus of the company & aposs.
The electronics brand Bose closes all 119 branches in the USA, the USA, Europe, Japan and Australia and will concentrate on the online trade. According to Business Insider, around 130 locations remain open in China, the United Arab Emirates, India and South Korea.
The clothing and accessories brand Guess plans to close around 100 stores in North America and China over the next 18 months.
Guess x J. Balvin Bike Shorts
$ 44.00 think
Braided sandals from Santori
$ 59.00 think
Lilla linen shorts
$ 69.00 think
Gold colored chunky chain link necklace
$ 28.00 think
The remaining stock decoration chain Tuesday Morning has filed for bankruptcy and plans to close around 230 of its nearly 700 locations in the coming months. "The ongoing and unexpected closings of our businesses in response to COVID-19 have had serious consequences for our business," said CEO Steve Becker in a press release.
In 2020, the video game chain anticipates that store closings will "at least match the 320 net closings we saw worldwide in fiscal 2019".
Bed bath beyond
The homeware giant announced plans to close dozens of stores in at least eight U.S. states by 2020. The list of closures can be found here.
Hidden Retreat See & Lodge Gingham Check King Sheet Set
$ 69.99.00, bed, bath & beyond
Pehr Kids & Apos Pom Pom Mini canvas storage container
$ 24.00, bed, bath & beyond
Puredown All Seasons duvet
$ 149.99.00, bed, bath & beyond
HANGUP handbag holder
$ 16.99.00, bed, bath & beyond
Sears & Kmart
In November 2019, Sears announced plans to close 96 stores in February 2020, including 51 Sears locations and 45 kmart stores. (Kmart's chairman bought Sears in 2004 for $ 11 billion.)
Business Insider reported that at least 16 Hallmark stores in 12 states would close in the first half of 2020. This emerges from local reports and social media contributions from shop owners.
In June 2020, the coffee giant announced that it would close up to 400 proprietary stores in the U.S. and Canada over the next 18 months as it introduced re-formatted stores and made other changes more convenient for quick pickup and convenience.
Originally released on glamor
You should check here to buy the best price guaranteed products.
Ask Scary Mommy: I’m This Close From Banning My Fatphobic In-Laws From Seeing My Kids
Arizona GOP official blasts company carrying out election recount: 'Insane just from a competence standpoint'
This It Color Is About to Jump Off, Just Ask Hailey Bieber
The laptops and tablets worth your money on Prime Day
'Werewolves Within' sneak peek: 'Somebody is trying to scare us'
This wandering beast is the neighborhood bird porta-potty. Coping with it takes grit