store closings
GameStop prepares to shutter even more stores after disappointing second quarter
GameStop has announced that it will be closing even more brick-and-mortar locations in the coming year, after a disappointing earnings report.
Latest major retailer files for bankruptcy, company blames high inflation
Big Lots, which sells furniture, home decor and other items, said in a statement that high inflation and interest rates have hurt its business as consumers have pulled back on their home and seasonal...
Struggling retailer preparing bankruptcy filing, will sell stores: report
Big Lots, a retailer operating around 1,400 stores and employing over 30,000 workers, has been grappling with declining sales over the past few quarters, putting pressure on its balance sheet.
Longtime Home Depot competitor closing all of its over 400 stores after bankruptcy filing
The 30-year-old hardware store which once operated over 400 stores in the US said it decided to liquidate after several negotiations didn't result in the "best offer for the company."
Home goods retailer Conn's files for bankruptcy, to close more than 70 stores
Reports had surfaced earlier in the month that a bankruptcy filing from the retailer could be imminent. It posted a net loss of $76.89 million for the latest fiscal year.
Former NYC Rite Aid is now overrun by booze-swilling vagrants, zonked-out junkies: 'F--king preposterous'
The building has been completely vacant since last September, when a long-running carpet-cleaning business that had been occupying an adjoining retail space moved to a new location in Woodside.
Beloved grocery store chain will shutter 7 NYC-area stores, 32 overall
Stop & Shop will shutter seven stores in the New York City area and 32 overall as inflation-battered shoppers seek cheaper supermarkets, the company said on Friday.
Beloved discount retailer to shutter stores, may file for bankruptcy as shoppers hurt by 'elevated inflation'
The nationwide home goods retailer reported inflation has hit hard, resulting in yearly losses and a reliance on dwindling cash.
Pizza chain — with 500 shops in the US — could soon be filing for bankruptcy: report
The pizza joint known for its made-on-the-spot, customizable personal pizzas has more than 500 locations across 28 states.
Beloved store closing all locations in NY, NJ and Conn. after 70 years in latest retail casualty
Bob's Stores will liquidate its inventory at its 21 locations throughout Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island after filing for Chapter 11 bankruptcy.
Walgreens could shutter over 2K stores as sales plunge amid stubborn inflation
Walgreens announced it will be cutting its profit forecast for the fiscal 2024 year and closing more stores across the US in its latest attempt to deal with a "difficult...
Hooters abruptly shuts dozens of 'underperforming stores' in stunning inflation deflation
The famed chicken wings brand, known for its skimpy uniforms, cited “pressure from current market conditions” for its decision to close an unspecified number of stores.
More companies announce bankruptcies and closures, citing inflation as almost 3,200 stores face shuttering in 2024: poll
Retailers are closing nearly 3,200 stores this year, according to a recent analysis from CoreSight Research, a 24% increase from 2023.
Bronx moviegoers fume as there's now just one theater in the entire borough: 'Our childhood is being erased'
When the recently-shuttered Concourse Plaza Multiplex Cinemas closed its doors, it made the AMC Bay Plaza Cinema on Bartow Ave the last surviving movie theater in the Bronx.
Red Lobster scrambles to keep Times Square location open -- as landlord seeks to double rent: sources
Employees of the Times Square location have been told that their store is not on the chopping block.
Beloved Bronx movie theater shutters due to a 'business decision:' 'It's heartbreaking for the kids'
The South Bronx’s Concourse Plaza Multiplex Cinemas closed this Tuesday -- leaving the borough with just one theater 10 miles away, and a community bereft.
Popular supermarket to close numerous 'underperforming' stores in the Northeast
"Stop & Shop will make some difficult decisions to close select underperforming store locations to help ensure the long-term health and future growth for our business," a spokesperson said.
'Landmark' NYC ice cream parlor faces eviction as locals say it's a sign neighborhood just isn't the same
"A lot of people have been upset. It’s heartbreaking right now to see what’s going on with this lease situation,” owner Anthony “Tony” Fongyit told The Post.
Red Lobster blames top shareholder for all-you-can-eat shrimp fiasco in bankruptcy filing
Red Lobster's largest investor "forced huge cost reductions, including many that were penny wise and pound foolish because they hurt sales.”
Red Lobster hired auction company 'very recently' before shutting 50 restaurants, may file for bankruptcy next week: sources
“We’ve never seen as many locations be closed and auctioned off at the same time and we’ve been doing this for 37 years.”