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As the retail apocalypse drags on, more stores have announced that they will close their doors.
Each year, as malls die out and consumers continue to buy more online, the number of retailers closing stores continues to climb. And in fact, some experts estimate that the number of store closings this year could exceed the record-breaking number of closures from 2019.
Here is a list of all the stores expected to close this year.
Trendy health-focused grocery chain Earth Fare announced that all of its stores are closing. Instead of filing for bankruptcy and refinancing debt, they instead began liquidating all 50 stores.
Although the company’s other brands, such as Old Navy and Athleta, remain open, they announced plans to close around 230 Gap stores over the next two years. 130 locations were slated to close by January 2020, with the remaining closings happening in 2020.
After years of falling sales and struggling to stay afloat, Pier 1 said that it plans to close 450 stores, which is about half of their total store count. At the time of the announcement, the company had about 950 stores and around 4,000 employees.
It looks like some Walgreens locations will no longer be “at the corner of happy and healthy.” According to a multiyear cost-cutting program, Walgreens plans to close 200 locations. But this new round of closings is actually in addition to a previously announced closing of 750 stores.
This fast-fashion chain filed for bankruptcy in September 2019, and began plans to close down 350 stores worldwide, with at least 178 stores closing across the U.S.
The brand that once stood for chic and youthful fashion will effectively no longer exist. Drastic changes are being made to rebrand the entire company. The company is closing all its stores and opening new ones under completely different branding.
This women’s clothing retailer plans to close 100 stores. On top of that, they will also shutter 90 of their White House Black Market stores and 60 Soma stores over a period of 3 years.
A.C. Moore’s parent company, Nicole Crafts, announced that all 145 locations of this craft-store chain will permanently close in 2020. Competitor Michaels assumed leases for about 40 of the closed locations, and also purchased some of A.C. Moore’s intellectual property.
Although once a leading U.S. retailer with more than 2,300 stores across the country, this chain has had plenty of trouble keeping their doors open. And really, the decline has been ongoing since the 1990s. These days, as stores continue to close, there are fewer than 100 locations left.
The parent company that owns Kmart also owns failing retailer Sears. Transform Holdco will close an additional 51 Sears stores, leaving them with only 182 Sears and Kmart stores to operate.
Known for high-quality audio equipment, Bose announced that it will close 119 stores globally. This includes all of their locations in the U.S.
Bed, Bath & Beyond announced that they plan on shuttering 44 stores across at least 8 states. By January 2020, they had already executed 16 of those planned closings.
By 2022, this clothing brand will have closed 100 stores, which is about one quarter of its total locations. Included in that number are 9 locations that closed last year, and 21 that closed by the end of January 2020.
Much like other department store giants, Macy’s isn’t fairing so well in the face of American malls dying out. This chain has announced that they will close at least 30 stores in early 2020.
Although you can still purchase Hallmark-branded cards from other retailers, Hallmark-branded stores are becoming a thing of the past. At least 16 locations in the U.S. are closing in 2020. One Hallmark store owner said that it’s “not a viable business any longer” thanks to social media. “People used to by and send cards all the time. It’s all online now.”
Likely due to the same reasons, mall staple Papyrus, best known for selling upscale greeting cards and stationary, is going out of business. Parent company Schurman Fine Paper filed for bankruptcy, and announced they are closing all 254 locations across the U.S. and Canada.
This regional grocer that focuses on natural and organic foods announced the closure of most stores. By February, the company will have laid off 2,500 employees and closed 32 stores.
Although JCPenney has been around for almost 120 years, latest financial news shows that this department store chain is struggling to keep its doors open. The chain plans on closing another six stores and a call center by April 2020, after having already closed 27 stores and ending sales of appliances and furniture.
All that preppy clothing and the overwhelming cologne-scented stores are becoming a thing of the past. The company announced it was planning to close 40 Abercrombie & Fitch and Hollister locations by February 2020, after having closed down 29 locations in 2018.
After filing for Chapter 11 bankruptcy protection for the second time in two years, Gymboree announced the closing of more than 800 Gymboree and Crazy 8 stores. They also said they were planning to sell their higher-end line, Janie and Jack.
Destination Maternity filed for bankruptcy in October. It’s planning to close 183 stores across three countries.
Olympia will close 76 stores this year.
Modell’s is a sports retailer that will close 24 of its 140 locations this year.
This store is losing more money than it’s making. It’s planning to close 30-40 stores this year.
This store will close more than 27 locations this year.