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The firm estimated last year —prior to the coronavirus pandemic — that as many as 12, major chain stores could close in The pandemic is now putting even more stores in danger of closing, as retailers grapple with dramatic drops in sales in traffic.
Retail companies have so far confirmed at least 3, stores slated for closure in , according to a Business Insider analysis. Pier 1 said in January that it plans to close stores , representing about half of its total store count, as it struggles to stay afloat after years of falling sales. The closings could affect thousands of workers. Pier 1 had about stores and roughly 4, employees at the time of the announcement. The company also said it planned to cut its corporate head count and shut down some distribution centers.
In , the company said it expects store closures "to be equal to or more than the net closures we saw in fiscal on a global basis. The stationary chain Papyrus filed for bankruptcy in January and said it plans to close its stores in the US and Canada. Most of the closures — total —will be in the US. Gap is closing hundreds of Gap-branded stores as it opens stores under other brands including Old Navy and Athleta.
The company said in February that it planned to close about Gap stores over the next two years. More recently, Gap said about locations will close in fiscal and a majority of those closings will happen in the fourth quarter, which extends into January The off-price retailer Tuesday Morning filed for bankruptcy in May and said it planned to close of its roughly stores.
Walgreens announced in August that it planned to close US locations under a multiyear cost-cutting program. The company has not revealed any further details about the timing or location of the closings. The new round of closings is in addition to a previously announced cut of US stores, which Walgreens has said it expects to complete by the end of this year. The women's clothing retailer Chico's said last year that it planned to close about stores, including Chico's stores, 90 White House Black Market stores, and 60 Soma stores over three years.
The company had closed 49 stores as of November 2, leaving about more expected closures over the next two years. The company owns stores under its namesake brand, as well as under the Motherhood Maternity brand. Forever 21 said it expected to close stores globally, including up to locations in the US, after filing for Chapter 11 bankruptcy protection in September. Company filings reveal many of these closures will happen in early The sports retailer Modell's filed for Chapter 11 bankruptcy protection in March and said it plans to close all of its stores.
The craft-store chain A. Moore is shutting down all of its stores in Moore's parent company, Nicole Crafts, announced the closings in November and said about 40 locations would be converted into Michaels stores. Macy's plans to close stores over the next three years and cut thousands of corporate jobs as part of a cost-savings plan, the company said in February.
Art Van Furniture filed for Chapter 11 bankruptcy in March and said that it planned to close all of its company-owned stores in Michigan, Indiana, Illinois, Ohio and Missouri, along with eight Wolf Furniture stores in Maryland and Virginia. In its bankruptcy filing, the company said it operates stores and plans a going-concern sale for 44 of those locations. The remaining stores will be closed. The audio equipment retailer Bose said in January that it planned to close stores globally, including all its stores in the US.
Olympia Sports said in October that it planned to close 76 stores after it was purchased by the sports retailer JackRabbit. The stores will close in Sears said in November that it planned to close 96 stores in February, including 51 Sears stores and 45 Kmart stores.
Sears parent company Transform Holdco will operate just stores after the closings. The company said it made the decision to start liquidating its stores due to "continued challenges in the retail industry that impeded the company's progress as well as its ability to refinance its debt.
Kmart parent company Transform Holdco plans to close 45 Kmart stores by February. The company said in January that it planned to close 40 stores in its current fiscal year, which ends in April, and another 20 stores in fiscal By January, the company had executed about 16 of those planned closings.
See the list of closing stores here. The regional grocery chain Lucky's Market is closing most of its stores and laying off thousands of employees in February, the South Florida Sun Sentinel reported. Lucky's plans to close 32 stores by February 12 and lay off about 2, employees, according to the Sun Sentinel's report.
Lucky's Market did not respond to requests for comment. Express said in January that it plans to close stores, representing about one quarter of its total locations, by That number includes nine stores that closed last year and 21 that will close by the end of January. This follows a day of record numbers Tuesday with more than 60, cases nationwide as virus rates continue to surge in the South and West.
Wednesday is on track to be another rough day with Florida reporting nearly 10, new cases. United Airlines will send layoff warnings to 36, employees - nearly half its U. The outlook for a recovery in air travel has dimmed in just the past two weeks, as infection rates rise in much of the U. Do you have a problem that you need help solving?
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