Dressbarn’s “wind down” of its retail operation is officially beginning at the end of this month.
Kohl’s announced Tuesday it will be shuttering all of its Off/Aisle discount stores four years after opening the first location.
As more consumers rely on digital downloads rather than physical copies of video games, traditional retailers have struggled to maintain sales.
Abercrombie & Fitch is doing away with flagship stores for smaller-format retail locations.
Some of the United States’ most prominent retailers are shuttering stores in recent months amid sagging sales in the troubled sector.
Abercrombie & Fitch Co. is the latest retailer to announce store closings.
The retailer is adding four new directors that come at the recommendation of the investor group.
Topshop is closing all its U.S. stores after its operator, Arcadia Group, filed for bankruptcy, according to a report.
Dressbarn plans to close all of its approximately 650 locations in a "wind down" of its retail operation.
A new report stated Bath & Body Works is closing 24 stores but it is adding 46 new stores and some locations are undergoing renovations.
The retail industry surged in 2018, but the trends diminishing sales at some top companies are re-emerging.
Payless ShoeSource announced in February it was shuttering nearly 2,600 stores in the U.S. and Canada — and only a few will still be open until the end of June.
Profits in the quarter were $795 million, while revenue grew to $17.6 billion.
President Trump has threatened to implement duties on an additional $300 billion in Chinese goods if an agreement cannot be reached.
The Children’s Place announced they were planning to close 40 to 45 stores in 2019 but will open 25 new ones in productive areas over the next two years, according to a report.
104 Fred’s stores will reportedly soon shutter their doors in the latest bout of closures announced by the discount retail company.
The strategic review comes as Lord & Taylor and other traditional retailers struggle to maintain sales as fewer shoppers go to malls and brick-and-mortar locations.
The once-iconic sandwich shop previously said it expected to close around 500 locations.
The changes were announced weeks after a trio of activist investors called on Bed Bath & Beyond to replace its entire board of directors and fire its current CEO, Steven Temares.
The Texas-based company reported a same-store sales decline of 13.7 percent and a net sales decrease of 19.5 percent to $412.5 million in its fourth quarter of fiscal 2019.