Retail Bankruptcy and Closures

Advance Auto Parts is closing more than 700 stores

The announcement follows a disappointing third quarter

Despite government data showing a strong economy, many retailers are struggling, just like their customers. The latest retailer to announce plans to shutter some of its stores is Advance Auto Parts.

As it reported third quarter earnings, the company said it would close more than 700 of its stores. Among those targeted for closing are 523 company-owned stores and 204 that are owned by franchisees.

The retail auto parts sector has plenty of competition and the third quarter...

Read article 11/15/2024

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Retail Bankruptcy and Closures

Advance Auto Parts is closing more than 700 stores

The announcement follows a disappointing third quarter

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Bed Bath & Beyond is regaining a brick-and-mortar presence

But that presence will be inside The Container Stores

Walgreens is closing 1,200 stores

The announcement coincides with big fiscal 2024 losses

True Value declaring bankruptcy, selling itself to a competitor

But the True Value brand will live on

7-Eleven will close 444 stores

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Tupperware declares bankruptcy and is seeking a buyer

But the company says it will continue to operate through the process

Stores are opening and closing like crazy. Is your favorite store one?

The shift to online shopping has hurt a lot

LL Flooring, formerly Lumber Liquidators, is closing all stores

The company has already started sales

Bankrupt Red Lobster is closing 23 more restaurants

But the chain may be getting a new CEO with heavy restaurant experience

Big Lots announces it will close nearly 300 stores

California is losing most of its stores

Conn’s declares bankruptcy, will close stores

The company has identified 70 HomePlus stores in 13 states for closing

Red Lobster reviewers say Endless Shrimp isn’t the only reason for bankruptcy

But business analysts say the promotion didn’t help the company’s bottom line

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The company’s endless shrimp promotions may have been too generous

Facing bankruptcy, Express Clothing will close 100 stores

The chain is suffering from reduced foot traffic at shopping malls

In an era of inflation, why are dollar stores struggling?

Some consumers say it could be declining quality

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