The private-equity group Charlesbank Capital Partners also has stakes in many other businesses like the Princeton Review, Shoppers Drug Mart and Papa Murphy’s Take ‘N’ Bake Pizza stores. Landlords haven’t seen this many empty spaces in malls since 2012, the report goes on to say. The wedding dress superstore faces operational and market challenges; it saw sales, earnings and margins drop according to RetailDive. CheatSheet reports the company has a $520 million loan facility due in 2019 and $270 million in unsecured notes due in 2020. PetSmart is faring better it seems. The decision, according to the statement, was made on account of changes in customer behavior following the coronavirus (Covid-19) pandemic. In February 2018, the company said it would sell 40 percent of the company to a Chinese pharma company. Based in Los Angeles, Z Gallerie filed for Chapter 11 bankruptcy on March 11, 2019, says Business Insider. Thomson tour holiday operator TUI Travel has announced plans to close 100 of its UK-based travel stores. A press release said they’d lead the company into more growth. Read on…. Fast fashion company Forever 21 filed for Chapter 11 bankruptcy on September 29, 2019. TUI STORE FINDER. Unlike Stein Mart, JC Penney’s future looks bleak. If you’re starting a shoe company, probably best to learn from the mistakes of these ones! TUI store closures - what it means if you already have a holiday booked; Read More Its adjusted net sales excluded exited businesses decreased 5.1 percent compared to fiscal year 2017’s first quarter. Bebe is another clothing store affected by declining interest in malls. To clarify Innovative Mattress Solutions’ bankruptcy, another retailer named Mattress Warehouse put out a press release on January 15, 2019. Bebe decided to attempt to stay afloat by moving away from the traditional retail space. Another thing stacked against them is Trump’s 10 percent tariff against Chinese goods. This company, started in Los Angeles, owns Fallas, Conway and Anna’s Linens. Despite closing down hundreds of stores, Payless has a lot of stores to manage as well while getting back on its feet — 3,500 in fact! Tui said that it would not release the list of stores that will close while the consultation takes place, but added that it would not shut any of the stores which have reopened after lockdown. I’m not going any way but it would be nice for all to know. Fred’s tried to pursue 1,000 stores, increasing from 600, but plans didn’t quite work out. Meanwhile, the Gap bought Gymboree’s Janie and Jack’s intellectual property, its website, customer data, and more. Family Dollar stores will be closing 390 of over 8,000 U.S. locations in 2019 and 200 Family Dollar locations will be turning into Dollar Tree stores. CNBC reported in March 2019 that women apparel company Charlotte Russe is liquidating and closing all of its stores. The outdoor company faced problems with debt. Cole Haan had built sneaker comfort into its dress shoes. Curious to see if your favorite store is on the list? Vitamin retailers do not seem to be doing too well — like GNC, Vitamin Shoppe has also struggled with its sales. You can find your nearest shop, including all … Bloomberg reports that this includes Chapter 11 bankruptcy and selling off parts of the company. Shopko said it would close 70 percent of its retail locations between February and May 2019 while reorganizing. The film company was able to find a buyer in May 2018 — Lantern Capital Partners, a Dallas-based private equity firm. The Post says declining demand for ballet flats, sandals and heels have affected its sales. It clarifies that it isn’t related to Innovative Mattress Solutions’ bankruptcy although sharing the same name as one of its subsidiaries. The decision to axe stores was … “$235 million would go a long way to support the victims of last year’s wildfires,” California state Senator Jerry Hill was reported as saying. The East Coast grocery chain will keep most stores open (for now) in New York, Pennsylvania, and Vermont. This Italian casual restaurant chain based in Massachusetts filed for Chapter 11 bankruptcy spring 2018. In May 2018, the 70-year-old pharmacy said its top-line sales for the past fiscal year fell 4.3 percent and its net loss was at $139.3 million. However, also in Q2 2018, GNC said it had declines in top-line and comparable sales as well as profits. These closures are in addition to the 51 U.S. and Canada locations that they announced an end-date for back in November 2018. When it couldn’t find a buyer, CNBC reported, it filed for Chapter 11 bankruptcy in August 2018. The publication goes on to say what might have caused its troubles: National Stores has collected many brands over the years, thus likely taking on too much debt. It’s a possibility that Imerys’ talc may not appear in Johnson & Johnson’s baby powder product anymore. The beauty giant filed for Chapter 11 bankruptcy on January 4, 2019, says Business Insider. Wonder if Bluestem Brands will try a merger? It closed about 15 of its store in April, the Associated Press reports. Tops Market might benefit from observing customers’ preference for e-commerce. Starbucks has announced that it will be closing hundreds of stores in the US, after predicting their revenue decline attributable to Covid-19, could be up to $3.2bn (£2.5bn). That number has jumped to a whopping 500 stores across the United States. The clothing company favored by former first lady Michelle Obama has been closing some of its stores due to plunging sales over the years. However, in the end, the acquisition plan didn’t work out because Hudson’s Bay was concerned about Neiman Marcus’ declining sales. The decision was made following changes in customer behaviour, the firm said in a statement. It’s now competing with its former parent company and USA Today says it’s not making headway… Neither is Charlotte Russe! PetSmart also suffered from the same problems. Sears branched off in 2013. Tui has confirmed it will close 34 stores over the next 12 months. Cole Haan used to be owned by an athletic shoe company, Nike. The longer they remain open, the more the corporation would owe landlords. Neiman Marcus isn’t making as big of a turnaround, however. Streets are closed and People are not free to move about as they want. A bankruptcy judge in Delaware had declared Bernstein, who originally launched Beauty, the “stalking horse bidder,” meaning he’s in a position to purchase Beauty Brands’ assets unless a better offer comes along. Biz goes onto say Bertucci’s struggles to compete with other fast casual restaurants. The research and strategy firm Jeffries said in 2018 that Pier 1 is in for a “heavy investment year” as it addresses its “sourcing, merchandising, pricing, marketing, store ops, e-com, and supply chain.” Net sales fell in 2018 quarter one by 9.2 percent year over year to $371.9 million. The stores list … This mattress company based in Kentucky filed for Chapter 11 bankruptcy on January 14, 2019, says Business Insider. Those are all very different companies. As a subscriber, you are shown 80% less display advertising when reading our articles. Had the hotel cancelled today - just 4 days before arrival as it is closing down . Besides Mattress Warehouse, Innovative Mattress Solutions also owns Mattress King and Sleep Outfitters. Brookstone is known for selling tech products and items to use at home, such as massage chairs, gadgets, and fancy pillows. 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