)Signet Jewelers (Kay, Zales and Jared): 150 stores won't reopen from COVID-19 closures and 150 stores will shutter.Starbucks: up to 400 company-owned locations over the next 18 months.Tuesday Morning: 230 stores (See the list of first 132 closing locations here. Boston, MA, June 05, 2020 (GLOBE NEWSWIRE) -- Joint venture partners Gordon Brothers and Hilco Global announced that they have commenced “Going-Out-of-Business” sales …
The company confirmed the closings to local news outlets. "We anticipate that approximately 55%-60% of all store closures will be mall-based," Coresight said in the report released Tuesday. "The coronavirus outbreak could accelerate a correction in mall space that already looks overdue. Gilbert Carrasquillo/Getty Images
"Select Last Call stores will remain open to serve as a selling channel for Neiman Marcus residual inventory," the company said. Usually, a business will close because they lack the funds needed to stay open.
That means going-out-of-business sales show no sign of fading anytime soon. "Bath & Body Works parent company L Brands said in May that it plans to close 50 stores in the US in 2020.The company said in January that it planned to close 40 stores in its current fiscal year, which ends in April, and another 20 stores in fiscal 2020. Lucky's Market Florida, Ohio and Indiana each have nine closures, California has eight, and … By January, the company had executed about 16 of those planned closings.Bed, Bath & Beyond operates a number of stores including World Market, buybuy BABY, Christmas Tree Shops, and One Kings Lane.Lucky's plans to close 32 stores by February 12 and lay off about 2,500 employees, according to the Sun Sentinel's report. With consumers doing more and more online shopping, e-commerce sales continue to boom while brick-and-mortar stores continue to get crushed.The retail apocalypse already has hit hard in 2020, and we’re only a few months in.
Lea Z. Sears 1900 W. Lawrence Ave. Chicago, IL Going Out of Business Sales starts May 19th Final Store Closing Sale Date: "Early August" Store Closings Sales Schedule to End in August 2016 . "Signet Jewelers runs more than 3,000 stores under the following banners: Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples, and Piercing Pagoda.Business Insider estimates about 300 US store closings based on this announcement, and will update this figure when the company provides further information.The stationary chain Papyrus filed for bankruptcy in January and Victoria's Secret's parent company, L Brands, said in May that it plans to close 251 stores in the US and Canada in 2020. Art Van Going Out Of Business: Liquidation Sales To Start Friday. Here's a list of the stores expected to close this year. The stores will close in 2020.The grocery chain Earth Fare said in February that it would close all its stores.