(January 9, 2024)—Big Lots, the once-popular discount retailer, announced today it will close all stores nationwide after a failed acquisition deal, mark

Wendy’s plans to close hundreds U.S. restaurants over the next few months to boost its profit and make its remaining stores more appealing.

Starbucks is taking “significant action” to turn around its struggling business, closing a large number of cafés and announcing a second round of layoffs at its headquarters as part of CEO Brian Nicco...

The neighborhood store millions of Americans depend on for groceries, prescriptions and household essentials could soon disappear. Some of the country’s best-known retail chains are closing underpe…

Home electronics retailer Power Finland is considering closing its stores in Lohja, Porvoo, Kotka and Järvenpää, Yle reported on Tuesday. The company will begin change negotiations with employees at the stores facing possible closure. The negotiations could lead to the termination of up to 61 emp…

A massive grocery chain is now closing more stores after eliminating 32 underperforming locations back in 2024. Stop & Shop store closures resurface.

Cato added roughly 70 underperforming locations to its closure plan and expects up to $1.3 million of exit costs for the additional stores.

Claire’s, the beloved ’90s mall store known for glittery accessories and cheap piercings, is facing a major shake-up. The chain plans to close nearly 300 locations across the United States as part of its Chapter 11 bankruptcy proceedings. The news has left fans nostalgic and emotional. Many remember Claire’s as the go-to destination for friendship bracelets, butterfly clips, and ear piercings.

Walgreens has sharply curtailed its planned store closures for 2026, targeting fewer than 100 shutdowns following its privatization last year, down from

Macy's Marley Station Mall location in Glen Burnie is set to close by March as part of a national restructuring. A clearance sale kicks off mid-January.

Macy’s is making waves with shocking news: store closures are on the horizon! The beloved retail giant, known for its iconic Thanksgiving Day Parade and the massive flagship store in New York City, ha...

Macy's Inc. announced Thursday it will close 66 underperforming stores, including four in Michigan. The closures are part of an ongoing strategy the retailer calls "Bold New Chapter," which it says will return the company to sustainable and profitable…

On September 26, Target announced it was closing nine stores "because theft and organized retail crime are…contributing to unsustainable business performance." Target said that before making the dec...

GameStop keeps closing locations, and Target keeps picking up toy and collectibles sales.

MTY Group, the parent company of Cold Stone Creamery and Wetzel’s Pretzels, has announced plans to close 68 corporate-owned restaurants over the next nine months. Of these, 45 to 50 underperforming Papa Murphy’s pizza locations acquired two years ago will be affected. These closures, which collectively lost over $10 million in the past year, aim to reduce financial losses and improve the corporate store portfolio. MTY President and CEO Eric Lefebvre emphasized that the decision is a long-term strategy to focus resources on locations and brands with stronger return potential. The restructuring will begin immediately, with the first wave of closures scheduled for the week of July 13. The company has also indicated that further closures or sales may occur in the future. This move reflects broader challenges faced by the fast-food industry, where operational efficiency and profitability are critical. The closures will impact thousands of employees and local communities, raising concerns about job losses and economic effects. Analysts suggest that the decision underscores the need for businesses to adapt to changing consumer preferences and market conditions. While the move may seem drastic, it is part of a larger trend of corporate restructuring to ensure sustainability in a competitive sector.