These Stores Are Closing Down Soon, Which One Is Your Brand

Gymboree

Gymboree Group Inc., a brand of children’s clothes, filed for Chapter 11 bankruptcy protection. On top of that, they revealed plans to close about 800 Crazy 8 stores and Gymboree stores throughout North America. The company even stopped handling online transactions, but liquidation sales were already going on in stores. It was not the first time Gymboree had applied for bankruptcy. A variety of stores were also shut down back in 2017.

Gymboree

Charlotte Russe

Charlotte Russe confirmed that the entire chain, which had more than 500 stores across the country, would close. Although we already understood that 94 outlets were closed since the closure announcement came before this one, many existing stores would be discontinued by the end of April. The company no longer allowed online purchases, but consumers were offered the ability to shop on their in-store liquidation sales in various locations.

Charlotte Russe

Shopko

Shopko revealed its intention to close nearly 70% of its stores by May. Eventually, the company also revealed that it was shutting down for good. Shopko had filed for bankruptcy in January, initially hoping that a purchaser would save the remaining locations. Unfortunately, it wasn’t working out. The new strategy was to liquidate all properties and shut down the remaining stores by June.

Shopko

Gap

Gap Inc. would also shut down around 230 of its retail outlets in the next few years. It would make up nearly half of its numerous branches worldwide. The incorporation decided to develop the Old Navy, its sister company, into a separate business, after seeing that it could do better than either Gap or the Banana Republic. Nevertheless, Gap stores, which would remain open along with Athleta, Banana Republic, Hill City and Intermix, would also begin to operate under NewCo.

Gap

H&M

Who might have thought that H&M might not be the mainstay that it was when the year was over? The clothing company intended to maximize its business and confirmed the shutdown of 160 stores this year. They’re making this transition because the U.S. is a tough market for the label. Likewise, the fashion giant aimed to introduce 355 more retail outlets this year, while most of them would not be in the United States and Europe.

H&M

Starbucks

As revealed last summer, Starbucks intended to perpetually shut down 150 of its underachieving store locations this year. It seems like that’s triple the stores they usually shut in a fiscal year. The company stated that closures would take place in larger cities with oversaturated markets. Their stores only tend to gobble up each other in these places.

Starbucks

The Children’s Place

Children’s Place had confirmed that it had a decision to close 300 stores before the year ended. Forbes said that the children’s retail chain had previously shut down 191 stores by the end of last year. However, it still decided to close another 100 poorly performing stores. The company also planned to expand its online presence in the hope of increasing revenue.

The Children’s Place

Performance Bicycle

We’ve got some sad news for all the bikers out there. A Performance Bicycle would also soon be a relic of the past. The nation’s largest retail chain, together with its 104 locations, would be shutting down. Last fall, Advanced Sports Enterprises, its parent company, filed for Chapter 11 bankruptcy. While the company wished to maintain at least half of the stores open with new leases, it would be better to shut down the brand instead.

Performance Bicycle

Sears

Sears Holding owned both Kmart and the store. It confirmed that it would close down some 89 chains by the end of March. The whole list of closing retail outlets demonstrated that this might be going to occur across the nation, while the states that are most affected were Florida and Texas. In all of these states, seven outlets would be closed down.

Sears

Vera Bradley

It would seem that Vera Bradley was also reassessing its action plan. It paid more consideration to license than to its mom-and-pop shops. Instead, the company intended to sell its home products using other chain stores such as Macy’s and Bed Bath and Beyond. When it was about full-line stores, the company intended to shut down several 50 stores, roughly half of its total stores, by 2021. That would be the moment when most of the lease agreements were already up for renewal. However, customers could go to the surviving 52 factory outlets in the store.

Vera Bradley

Abercrombie & Fitch

Abercrombie & Fitch intended to close down 40 stores next February, and the majority of those were in the U.S. That was a minor increase from the number of shops shut down in 2018. There was some good news, however. Per the Business Insider, the corporation’s spokesperson revealed that the company would continue to invest in retail outlets by “delivering approximately 85 new experiences, including 40 new stores, with continued reduction in overall square footage.”

Abercrombie Fitch

Christopher & Banks

At the end of 2018, Christopher & Banks confirmed plans to close 30-40 stores in the next two years. Bear in mind that this would not immediately imply that sales have dropped for the women’s retailers. Indeed, the company has also said it had seen an increase in e-commerce and would expect sales to increase this year.

Christopher & Banks

Victoria’s Secret

Back in 2018, 30 stores had been shut down by the lingerie and womenswear retail chain. More shutdowns were also predicted to happen this year. Last year, L Brand, its parent company, revealed that 53 more Victoria’s Secret stores would be closed. Four percent of its 1,143 stores worldwide would be shut down.

Victoria’s Secret

Henri Bendel

The two dozen Henri Bendel sites in the country were closed down at the beginning of 2019. L Brand, its parent company, revealed that Bendel’s website and shops, including the Fifth Avenue store in New York, would be closed down. L Brand chose to focus more on better potential brands such as Bath & Body Works and Victoria’s Secret.

Henri Bendel

Chico’s

Chico’s FAS was indeed Chico’s parent company. It recently confirmed that the women’s clothing retailer would be closing down a total of 250 sites during the next three years. Apart from influencing its brand name, it would also impact the two older brands under the business: Soma and White House Black Market. Nevertheless, they have not yet revealed which areas would be closed.

Chico’s

Family Dollar

Family Dollar confirmed that it would shut down as many as 390 outlets this year. In other terms, customers would have to search for other places to shop for inexpensive personal care items and other necessities. The business also changed the name of around 200 sites. It’s not the only adjustment they’re making to the remaining stores, but they’re likely to attempt and raise over a dollar for products in some of them.

Family Dollar

e.l.f. Cosmetics

Like several other retailers on this list, e.l.f. Cosmetics would wave goodbye to physical stores and concentrate mostly on e-commerce. The beauty company intended to shut all of its 22 physical outlets by the end of March. If you’re a fan of their goods, don’t worry about it. The website was already fully operational. They would also continue to market their products in various drug stores.

e.l.f. Cosmetics

J.C. Penney

We all heard about J.C. Penny as a mainstay shop in malls for decades now. Nevertheless, it was also prone to weak sales. After doing a lousy job during the holiday season and losing value, the company planned to close down 18 department stores this year. It also closed nine furniture stores, so the total number of locations closed was 27.

J.C. Penney

Z Gallerie

Some other store that has recently had to file for bankruptcy is none other than Z Gallerie. The home furniture brand sought to discover a buyer who could keep it up and running. However, before that happened, 17 stores had to be closed down. It probably accounted for around one-fifth of the 75 locations it has nationally.

Z Gallerie

Destination Maternity

Destination Maternity Corp. agreed to cut back on local shops to give the business new life and boost the online presence of the brand. The store was looking to close down between 42 and 67 stores by the end of the year. It aimed at reducing storage costs by broadening its digital footprint. USA Today said it intended to start locations “with reduced square footage to drive higher productivity.”

Destination Maternity

Beauty Brands

Beauty Brands revealed late last year that it was looking to close 25 of its stores. The business not only fired the company’s employees but also filed for bankruptcy last January. During the filing, the brand reported having suffered from the higher costs of becoming “a predominantly brick and mortar retailer.”

Beauty Brands

Things Remembered

Although Things Remembered filed for chapter 11 bankruptcy last February, a buyer was eager to save the country’s surviving sites. Enesco LLC acquired 176 stores known for selling customized and engraved items. However, this latest development could turn the business into a miniature version of its former self. The store had 450 stores while in bankruptcy. As you’ve seen, over 250 stores will be shutting down.

Things Remembered

Ascena Retail

Ascena Retail was the parent company of various womenswear brands that controlled companies like Ann Taylor, Dress Barn, Lane Bryant, and Loft. Unfortunately, revenues have declined in the last two years or more. In an attempt to combat this, the company decided to close down multiple stores across its labels. Approximately 667 stores would be closed-400 of them will be closed by July.

Ascena Retail

Southeastern Grocers

Supermarkets weren’t unsusceptible to low sales. Southeastern Grocers, the parent company of Winn-Dixie, Harveys and Bi-Lo, officially declared its plan to close 22 outlets by 25 March. Southern Grocers came to this conclusion less than a year after the Chapter 11 bankruptcy, which had already resulted in 94 closures. Of the three brands, Bi-Lo was going to lose the most, with 13 stores closing.

Southeastern Grocers

Lord & Taylor

Since being established for over a century, Lord & Taylor closed down Fifth Avenue’s flagship store last year. Regrettably, it wasn’t the end of it. There could be other closures along the way, with around ten more discontinued sites by the end of the year. However, the impacted areas have not yet been revealed.

Lord & Taylor

Foot Locker

Foot Locker Inc. was expected to shut down a total of 165 stores this year, as announced last March. However, it intended to spend millions of dollars to update sites that would remain open. This decision was made to raise earnings for the shoe retailer. Shareholders were very shocked when they performed better than they anticipated in the final quarter of last year.

Foot Locker

Macy’s

Macy’s closed down a total of 8 stores earlier this year. Such shutdowns were only part of the several scheduled closures that the business revealed a few years ago. These closures impacted two California locations and one in each of these states: Indiana, Massachusetts, New York, Washington, Wyoming, and Virginia.

Macy’s

J. Crew

Well, it seemed like J. Crew was not able to stay out of the media recently. After losing its CEO last year, the company decided to start the new year by closing down six outlets. Such shutdowns were part of the ongoing initiative to close 30 shops. The company revealed this move last summer. However, the exact number of closings that it has scheduled has yet to be announced.

J. Crew

99 Cents Only

This retail business was selling discount items. It has found itself in a challenging position attributable to its rivalry from other businesses such as Dollar Tree, Walmart and Dollar General. It thus announced a net loss of $27.1 million in December 2017. The 35-year-old corporation attempted to turn the tide, but with no success.

99 Cents Only

GNC

In 2017, GNC’s gross sales dropped by 3.4% yearly to around $2.5 billion, while its debt was about $1.3 billion. The company’s Chief Executive Officer mentioned that it was doing so well in China and on e-commerce in the second quarter of 2018. The company also announced that it would offer 40% of its stock to a Chinese pharmaceutical company. The said business would then market, sell and distribute GNC goods in China.

Office Depot had also experienced hardship in their sales. In the year 2017, their sales 7% and lost $10.2 billion. Gerry Smith, the CEO of Office Depot, said that they would focus on providing services rather than retail sales. According to RetailDive, they tackle the top-line company like Office Depot that provides business service. The subscription program was named “BizBox.”

Office Depot

Office Depot had also experienced hardship in their sales. In the year 2017, their sales 7% and lost $10.2 billion. Gerry Smith, the CEO of Office Depot, said that they would focus on providing services rather than retail sales. According to RetailDive, they tackle the top-line company like Office Depot that provides business service. The subscription program was named “BizBox.”

Office Depot

Vitamin Shoppe

Vitamin Shoppe had the same problem in the sale as GNC. GNC tried to focus on e-commerce business and subscription service. According to RetailDive, both companies were challenging because most modern people would not choose to go to the mall and find the thing they wanted. Having many competitors made the matter worse.

Vitamin Shoppe

Neiman Marcus

Neiman Marcus was a luxury clothes retailer that decreased their sale by 5%. They lost a total of $4.7 billion in the year 2017. The company tried different things to improve their company. RetailDive somehow succeeded, but the debt they had was still a problem they needed to solve.

Neiman Marcus

Bebe

Bebe had experienced a decrease in sales after Neda Mashouf, the creative director, had left the company after separation from her husband in the year 2007. Manny Mashouf created the company in 1979. The decrease in popularity led to a different problem. They said that they lost $4.6 billion in 2017. They tried to solve their problem by selling their stores for $65 million and concentrating on e-commerce.

Bebe

Pier 1 Imports

Pier 1 experienced a 9.2% decrease in sales in the first quarter of 2018. They lost $371.9 million every year. According to S&P Global analysts, their credit rating went downhill. 10% of Trump’s tariff on Chinese items also became their problem. Pier 1 announced that most of its products were created in China.

Pier 1

Lands’ End

Lands’ End was known for their clothing, luggage, and home furnishing. However, they did not keep it with the customers’ wants. One main problem with the company was because of Sears. In the year 2013, Sears had a different plan. A brand known as Canvas wanted to get a customer who liked fashion. They might have a “designer style to relaxed looks,” but it did not get the target sales.

Lands’ End

Guitar Center

In the year 2018, Guitar Center needed to pay its $900 million debt for one year. The company had been running their business for 50 years. However, most of the people usually did not buy guitars anymore. According to CheatSheet, the store’s sales for electric guitars had dropped by 36% in 2005 and 2016.

Guitar Center

Nine West

Nine West was a store that had a $1.5 billion debt. However, they were still trying to make a deal to save it. They decided to sell some parts of the company while filing for Chapter 11 bankruptcy. They tried to stay alive when they sold their other brand Easy Spirit.

Nine West

David’s Bridal

In the modern-day, there were many brands that the consumer could choose from. Some of those brands had simple attires and also inexpensive weddings. It was the explanation of why David’s Bridal had a challenging time with their sales. The superstore had to face this kind of problem, or they would like the other stores.

David’s Bridal

Cole Haan

USA Today had enlisted Cole Haan in the list of 26 companies that were at risk in the year 2018. The company tried to keep up with the trend of athletic shoes by altering the image and concentrating on sneakers rather than making dress shoes. Nike was the owner of Cole Haan, but in the year 2013, it was sold to Apax Partner. The company did not use the comfort technology of Nike.

Cole Haan

Claire’s

Many women had unforgettable memories of Claire’s. Many women would choose to go to that store to buy jewelry and accessories. They could request their ears to be pierced if they wanted one. The store was created in 1961. However, it was forgotten by modern women because, in the year 2018, 130 of its stores were now closed.

Claire’s

Eddie Bauer

Eddie Bauer had an issue with their debt in the year 2017. The company owner named Golden State Capital had thought to sell Eddie Bauer to resolve their problem. Their rank had been decreased according to S&P Global in that same year. It was not the first time they experienced this problem. Back in 2009, had recovered from bankruptcy.

Eddie Bauer

PetSmart Inc.

PetSmart Inc had 1,500 stores in Canada, Puerto Rico, and the U.S. The reason the company was having difficulty there was the same as the others. Consumers chose to buy at e-commerce in the modern era because it had the best deals and was favorable. The company bought Chewy, an e-commerce site. However, the $3.35 price had become an addition to their debt.

PetSmart

Stein Mart

Stein Mart, known as a discount department store in Jacksonville, had a challenging time with sales, but it did not end in bankruptcy. Stein Mart did something to increase its sales in the year 2017. They got 47% digital revenue in that last half of the same year. The company might have lost $23.4 million for the year, but the loss they got was lower by 10%

Stein Mart

Fred’s Pharmacy

Fred’s Pharmacy announced that their gross sales in the previous years had decreased by 4.3%, which they lost $139.3 million. From 600 stores, the company decided to increase it to 1,000. However, the result was not sufficient. In the end, it was sold to CVS for an amount of $40 million.

Fred’s Pharmacy

FullBeauty Brands Holdings Corp

Full Beauty was a brand for an oversized woman and men. It was similar to Woman Within, fullbeauty.com, Jessica London, Ellos, Roaman’s, Brylane Home, and KingSize. It was one of the retailers that lost to the E-commerce giant named Amazon. After the competitor came, their sale decreased. The owner of the FullBeauty, Apax Partner, also said the same thing to their lenders in the year 2017.

FullBeauty

Bon-Ton

Some of us might not believe that Bon-Ton had been running their business for 100 years. However, it also met its end. The famous department store and online retailer back in those days had filed for bankruptcy and was bought by another individual. October 2018, they announced they would reopen most of their stores.

Bon-Ton

Tops Market

A company would file for bankruptcy because they did not keep up with the consumers’ tastes or wants. Tops Market was one example of those businesses. Most people wanted to choose other non-traditional food sellers, competitors, and a decrease in food prices. Top Market had no other way but to file for bankruptcy. However, most of the stores were still open like Pennsylvania, Vermont, and New York.

Tops