store closures

Walgreens Outlines Turnaround Plans, Including ‘Significant’ Store Closures

Walgreens Boots Alliance (WBA) has cut its profit forecast for fiscal 2024 and plans to close “a significant number of underperforming stores,”…

Express Files for Bankruptcy to Facilitate Sale to WHP

A consortium led by Toys ‘R’ Us owner WHP Global that includes mall operators Simon Property Group and Brookfield Properties has offered…

UPDATE: Rite Aid Plans to Close Another 77 Stores in 2024

Update 3/4/2024: As part of its financial reorganization, Rite Aid plans to close an additional 77 stores this year, according to multiple…

UPDATED: Activist Investor Pushes for Response to Takeover Bid as Macy’s Announces Layoffs, Store Closures

[Editor’s Note 1/23/24: This story was updated on Jan. 22 to include details from a Jan. 21 statement from Macy’s, Inc. investor…

WSJ Report: Rite Aid Plans to Close Hundreds of Stores in Bankruptcy Deal

Editor’s note 10/5/23: This article has been updated with new information since it was originally published on Sept. 26, 2023. Rite Aid…

Walgreens Plans 150 U.S. Store Closures in Portfolio Optimization Move

Walgreens Boots Alliance will shutter 150 U.S. Walgreens stores and 300 UK-based Boots locations as part of cost-cutting efforts, according to company…

Genesco to Close 100+ Journeys Stores as it Focuses on Off-Mall Locations

Genesco expects to close more than 100 Journeys stores in fiscal 2024, more than its prior expectation of closing 60 stores, after…

Christmas Tree Shops Files for Bankruptcy, Seeks to Reorganize

Christmas Tree Shops, which filed for Chapter 11 bankruptcy on May 5, reportedly plans to emerge from the process with most stores…

Amazon Developments: 8 Go Stores to Close, HQ2 Expansion Paused and $200 Million Planned for Transportation Safety

Amazon reportedly plans to close eight Amazon Go convenience stores as part of a larger restructuring of its physical footprint, according to…

The RealReal Cuts 230 Jobs in Streamlining Effort Aimed at Reaching Profitability

The RealReal will cut operating costs through layoffs and store closures, with plans to eliminate 230 positions, or 7% of its workforce,…

Walmart Shutters Ecommerce-Only Stores Following Strategic Review

Walmart will shutter two ecommerce-only stores and five full-service locations following a thorough review process that determined the stores did not meet…

Tuesday Morning Files for Bankruptcy, Again, as it Seeks to Address ‘Burdensome Debt’

Tuesday Morning has filed for Chapter 11 bankruptcy for the second time since 2020 in order to help reduce its outstanding liabilities…

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store closures

Walgreens Outlines Turnaround Plans, Including ‘Significant’ Store Closures

Express Files for Bankruptcy to Facilitate Sale to WHP

UPDATE: Rite Aid Plans to Close Another 77 Stores in 2024

UPDATED: Activist Investor Pushes for Response to Takeover Bid as Macy’s Announces Layoffs, Store Closures

WSJ Report: Rite Aid Plans to Close Hundreds of Stores in Bankruptcy Deal

Walgreens Plans 150 U.S. Store Closures in Portfolio Optimization Move

Genesco to Close 100+ Journeys Stores as it Focuses on Off-Mall Locations

Christmas Tree Shops Files for Bankruptcy, Seeks to Reorganize

Amazon Developments: 8 Go Stores to Close, HQ2 Expansion Paused and $200 Million Planned for Transportation Safety

The RealReal Cuts 230 Jobs in Streamlining Effort Aimed at Reaching Profitability

Walmart Shutters Ecommerce-Only Stores Following Strategic Review

Tuesday Morning Files for Bankruptcy, Again, as it Seeks to Address ‘Burdensome Debt’

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