Stores That Are Closing Locations Across The Country
Macy’s is the latest department store chain to announce a slew of upcoming closures over the next several years. In January, the company confirmed its plans to permanently close 45 stores throughout 2021. According to CNBC, the closures are part of Macy’s larger plan to shut 125 locations by 2023, narrowing its presence to top-tier malls.
After announcing the closing of 200 stores last year, Bed Bath & Beyond is set to shutter more brick-and-mortar locations in 2021. Per USA Today, another 43 stores will be permanently shut down by the end of February. The closures will take place across 19 states, including nine locations in California.
Last year, Express confirmed plans to close 100 of its stores by 2022, starting with 31 stores across 20 states in January 2020. Another 35 locations are expected to close by the end of January 2021, with 25 more locations following over the course of the next year.
Office Depot is continuing its restructuring plan, first announced last spring, into 2021. The office supply chain will be closing an unspecified amount of stores and eliminating over 13,000 jobs through 2023. The plans are reportedly part of the company’s ongoing efforts to curb costs while transitioning from a traditional retailer to an IT services provider.
Walgreens is still in the process of shutting down about 200 of its U.S. stores after first announcing the closures in 2019. The closures will account for less than 3% of the pharmacy chain’s total store count, which includes nearly 9,600 locations across the country.
The Children’s Place is also closing down dozens of stores around the country this year. Last summer, the kids’ clothing retailer announced plans to shutter 200 stores in 2020 and another 100 by the end of 2021. The company has not revealed what locations will close but is mostly targeting “mall-based” locations, according to Today.
J.C. Penney will close more stores this spring after filing for bankruptcy and closing more than 150 stores last year. In December, the department store chain announced it plans to shutter another 15 stores by the end of March 2021.
“As part of our store optimization strategy that began in June with our financial restructuring, we have made the decision to close an additional 15 stores,” J.C. Penney said in a statement to USA Today. “These stores will begin liquidation sales later this month and will close to the public in mid to late March.”
In November 2020, Francesca’s revealed it will close about 140 stores by the end of January 2021. The women’s boutique chain also filed for Chapter 11 bankruptcy in December, with plans to sell the business, including its brick-and-mortar stores. According to USA Today, the company still has approximately 558 stores open, but “plans to attempt to renegotiate a number of leases during this process, which may include closing additional boutiques,” according to a statement to USA Today.
Signet Jewelers, which operates globally under the name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry and Piercing Pagoda, is also closing more stores this year. In 2020, the retailer of diamond jewelry announced it wouldn’t reopen at least 150 North America locations that had been temporarily shuttered in March due to the COVID-19 pandemic. An additional 150 stores are expected to close by the end of February 2021.
Next >
