Children’s Place Is Shutting Hundreds of Stores by 2020 Childrens Place Inc, an American specialty retailer of children’s clothes and accessories, is shuttering nearly 300 stores across the country, and will be laying off hundreds of workers in the process.
Sears is Closing More Stores Than Expected Famous American chain of department stores, Sears Holdings Corp, is closing another 72 stores, in addition to more than 100 closings announced earlier this year.
The footprint of Pick ’n Save, a leading grocer in Wisconsin, is about to get a lot smaller, with another raft of stores slated to close this summer. The firm said Pick ’n Save stores in Kenosha and Sheboygan will close by the end of June, leaving 169 employees out of work. The two closures (more…)
Michael Kors Holdings Ltd (NYSE:KORS)—the luxury brand known for its handbags, footwear, jewelry, and clothing—announced it will close up to 125 stores due to plunging sales. Management said the company’s restructuring will help it improve profitability. The retailer expects the store closings to result in a $125.0-million expense, but they will help the company save (more…)
The U.S. might be in an economic recovery, but American retailers are closing their doors at a record pace. So far, more than a dozen national retailers have announced they are either downsizing or going out of business altogether. That’s more than twice as many stores were closed at this time in 2016.