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The regional grocery chain Lucky's Market is closing most of its shops and laying off thousands of workers in February, the South Florida Sun Sentinel reported. Bed, Bath & Beyond operates a number of shops including World Market, buybuy BABY, Christmas Tree Shops, and One Kings Lane. Bed, Bath & Beyond plans to close about forty four shops in 2020. The grocery chain Earth Fare mentioned in February that it would close all its stores.
Liquidation gross sales on the remaining stores might soon be underway, as properly, according to courtroom documents. Lord & Taylor launched liquidation gross sales at 19 of its 38 shops in August because it filed for chapter eleven chapter protection. Nordstrom mentioned in May that it deliberate to close sixteen full-line malls in Arizona, California, Colorado, Florida, New Jersey, Maryland, Oregon, Virginia, Texas, and Puerto Rico. Neiman Marcus stated in March that it deliberate to shut most of its 22 off-price Last Call shops. A buyer walks by the Neiman Marcus Last Call retailer in Golden, Colorado January 23, 2014.
The audio gear retailer Bose said in January that it planned to shut 119 stores globally, together with all its shops within the US. The sports activities retailer Modell's filed for Chapter 11 bankruptcy protection in March and mentioned it plans to close all of its 153 stores. Prior to the new rounds of closings, JCPenney had closed six stores in 2020 in Montana, North Carolina, New York, Ohio, Oklahoma, and South Carolina. JCPenney filed for bankruptcy in May and mentioned it plans to finally shut about 30% of its 846 shops.
That quantity contains nine stores that closed last 12 months and 21 that may shut by the top of January. Express said in January that it plans to close a hundred shops, representing about one quarter of its whole places, by 2022. Lucky's plans to shut 32 stores by February 12 and lay off about 2,500 staff, in accordance with the Sun Sentinel's report. Lucky's Market didn't reply to requests for comment.
Olympia Sports mentioned in October that it planned to shut 76 stores after it was bought by the sports activities retailer JackRabbit. The closings symbolize about 9% of the company's store community.
Rich Schauer, who is closing his Hallmark store in Forest Park, Illinois, stated social media is crushing the greeting card enterprise. At least 16 Hallmark-branded shops within the US are closing in 2020, based on local media reviews and posts to Facebook by retailer homeowners. In a notice to clients, the corporate mentioned, 'The future is digital, and we are going all in.' Chief Restructuring Officer Ed Kremer said in a courtroom declaration that Lord & Taylor is hoping to promote some of its most profitable stores through an auction process.