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retail industry, in 2017 , till may alone 2550 stores closed

kakatiya

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kakatiya

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once they killed all family business.. now they meet their fate

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.

  • Payless ShoeSource filed for bankruptcy in April 2017.[8]
  • RadioShack filed for bankruptcy in March 2017 and plans to close 552 stores. This is the second time in two years that the company has filed for bankruptcy.[5]
  • rue21, in April 2017, announced plans to close around 400 stores.[9] It filed for Chapter 11 Bankruptcy on May 16, 2017 [10]
  • Bebe announced plans to close all stores and focusing online only. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172.
  • The Limited filed for bankruptcy, went out of business and closed its remaining 250 stores.[5]
  • BCBG Max Azria announced the closure of its stores in 2017 and going to department stores and online only.
  • Family Christian Stores, going out of business entirely, is closing 240 stores.[5]
  • Sears Holdings, the parent company of Kmart announced plans to close approximately 150 Sears/Kmart stores total.[11] The retailer, as part of required reporting, stated to the Securities and Exchange Commission that it had substantial doubt that any of its retailers could continue to survive. Such a report is typically considered damaging to a company, as it affects their supply line.[12] 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.[13] On April 22, Sears also announced plans to close 50 of its auto centers and 92 pharmacies within Kmart locations.[14] On June 6, 2017, they announced that an additional 72 Sears stores would be closed.[15] On June 23, they announced the closure of a further 18 Sears stores and 2 Kmarts.[16]
  • hhgregg, which filed for bankruptcy in March 2017, announced that it would close all 226 of its remaining locations in April 2017 after having previously announced plans to close 88 in March.[5]
  • GameStop has announced plans to close at least 150 stores following reports of weak earnings and a grim prediction of sales for 2017.[5] 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]
  • Macy's plans to close at least 68 stores and also will eliminate more than 10,000 jobs.[5]
  • Wet Seal filed for its second bankruptcy in January 2017 and announced plans to close all its stores, which numbered 171 at the time.[18]
  • American Apparel will close all of its stores, a total of 110, in April 2017 after being acquired by Gildan Activewear. 2,400 workers were laid off.[19]
  • JCPenney announced on February 24, 2017 that it will close 138 stores in 2017. However, on April 13, 2017, Penney reported plans to delay these closures due to strong sales that were apparently a result of better-than-expected sales and traffic due to customers coming in and supporting the stores following the announced closures. Liquidation sales will now start May 22, and stores will close July 31, six weeks later than the initial closure date scheduled.[20]
  • MC Sports closed all stores in 2017 as a result of bankruptcy.
  • In March 2017, Gander Mountain, an outdoor recreation retailer, announced 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.[21] 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.[22]
  • On May 11, 2017, Marsh Supermarkets announced 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.[23][24] Marsh eventually found buyers for 26 of its 44 stores. The remaining 18 will be liquidated and closed and some of the other 26 will also be liquidated, as only the buildings were purchased, but not the stores' stocks of inventory.[25]
  • Vanity, a mall clothing store based in Fargo, North Dakota closed all of their stores by April 2017.
  • On June 12, 2017, Ascena Retail Group announced that will 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.[26]
  • Also on June 12, 2017, Gymboree announced that it has filed for bankruptcy protection and will close from 375-450 of its 1,281 stores. Gymboree had recently refused to pay some bills and had over 1 billion dollars in debt. Although the store has an online presence, only 21% of its sales come from online ordering, with "dated and unsupported" web systems.[7]

 

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sandie Celebrity

sandie

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1 minute ago, Gentle_Boy said:

Add

Abercrombie and fitch

Nordstorm also....

I got same doubt

last month edho 90% off and every time edho oka offers pedthunnaru

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Gains Side Hero

Gains

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2 minutes ago, sandie said:

Regular ga check.

chala recent ga ne chusa 75% ki paine clearance pedthunnadu

Have you noticed the quality,,, after long time vella A&F store.. chetha quality ...chala thin ga unnay material.. mundhu la ledhu assalu

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sandie Celebrity

sandie

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2 minutes ago, Gains said:

Have you noticed the quality,,, after long time vella A&F store.. chetha quality ...chala thin ga unnay material.. mundhu la ledhu assalu

Agreed 

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nokia123 Celebrity

nokia123

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19 minutes ago, Gentle_Boy said:

Add

Abercrombie and fitch

Nordstorm also....

retail stores close avuthunnayi ante meaning undhi...antha online avuthundhi kabatti...

a&f endhuku close chesthadu? branded clothes meedha kooda effect paduthundha?

 

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