LND topic: store-closures page 1

store closures

Retail Shake-Up: Big Names Bite the Dust in 2025

January 1, 2026

2025 was a tough year for big-name retailers. Many well-known stores shut down for good. Over 8, 100 stores closed across the U. S. This is a big jump from the year before. Why did this happen? It's a mix of things. Online shopping is growing. Plus, people are spending less. And some stores just cou

business

The Dollar Tree's Family Dollar Dilemma

March 27, 2025

The Dollar Tree Inc. has decided to sell the Family Dollar chain. This chain has over 7, 000 stores. The sale is to a pair of private equity firms. The price is $1 billion. This sale marks the end of a decade-long attempt to merge the two chains. The original purchase of Family Dollar was made for

business

Joann Fabrics: The End of an Era?

February 25, 2025

Joann Fabrics, a well-known name in the crafting world, is shutting down all of its stores across the country. This news comes after a series of events that have led to the company's downfall. The company had already planned to close 500 stores and keep 300 open just last month. This decisi

business

Joann Stores in Washington State to Shut Down

February 13, 2025

Joann, a well-known crafting retailer, has announced that it will be closing over 500 of its stores across the United States. This decision comes after the company filed for Chapter 11 bankruptcy protection for the second time in a year. The closures will affect multiple states, with Washington bein

business

Kohl's in Coeur d'Alene Lives On: What's Next for Boise and Beyond?

January 12, 2025

In the world of retail, change is a constant, but not for everyone. The Kohl's store in Coeur d'Alene, Idaho, has been given a new lease on life. It wasn't listed for closure in a recent announcement, while the Boise store, along with others in Oregon and California, will be shutting down by April.

business

Macy’s: Saying Goodbye to Some South Florida Stores

January 11, 2025

Some big news for shoppers in South Florida: a few Macy’s stores and Furniture Galleries are packing up and saying goodbye. Macy’s recently announced their plan to close around 150 stores across the country that aren’t performing well. In South Florida, this means a handful of stores are on the chop

business

Walgreens' Turnaround Plan: Hits and Misses

January 11, 2025

Walgreens recently surprised Wall Street with better-than-expected financial results for the first quarter of the fiscal year. Despite a $265 million loss, the drugstore chain is working hard to rebuild its business. They're closing stores, trying to fix prescription reimbursement issues, and battli

business

Macy's: Shutting Doors to Open New Opportunities

January 10, 2025

Macy's, a familiar department store, is making a bold move. They're clicking the "close" button on 66 of their stores, but this isn't a sign of trouble. Instead, it's part of a plan they shared last year. The company is choosing to pour their resources into 350 other stores spread across the country

crime

The Retreat of NYC Drugstores: Crime, Shifting Habits, and Empty Spaces

December 20, 2024

New York City's drugstore landscape has seen a significant shrinkage over the past decade, with about 40% fewer stores compared to ten years ago. This year alone saw a 10% drop, attributed largely to rising shoplifting and crime rates. Major pharmacy chains like Walgreens, CVS, and Rite Aid have bee

business

Auto Parts Retailer Set to Close Hundreds of Shops

November 15, 2024

Advance Auto Parts, a big name in the auto parts business, is locking up the doors of more than 700 stores. This decision follows a string of bad earnings reports. Both company-owned and independent stores will shut down across the US. No word yet on exactly where in St. Louis these closures will ha