retail store closings 2017

Advertisement

hhgregg Store Closures 2017: Electronics & Home Appliance Retailer Shutters All 220 Stores, Lays Off 5,000

hhgregg Store Closures 2017

hhgregg, Inc. (OTCMKTS:HGGGQ) filed for Chapter 11 bankruptcy this past March, just days after saying it was closing 88 stores. The Indianapolis-based appliance and electronics retailer announced the hhgregg store closures in 2017 and eventual bankruptcy after reporting abysmal financial results for the holiday quarter, with overall sales cratering 24% year-over-year. After the announcement, shares (more…)

Macy’s Store Closings 2017: Department Store Initiates Cost-Cutting Measures as Store Traffic Falls

Macy's Store Closings January 2017

Macy’s Inc. (NYSE:M) continues to have a difficult 2017, having announced 100 store closures and thousands of layoffs as the company grapples with the “retail apocalypse.” Macy’s, along with a slew of other retailers and big department store chains, including Nordstrom, Inc. (NYSE:JWN), has been plagued by falling sales and store closures, which can be attributed, in (more…)

Advertisement