This beloved store of your childhood closes 200 pitches
"Recent events have led us to make difficult trade decisions," the company announced.
Another chain once popular is being beingforced to reduce the reduction in the middle of the coronavirus pandemic. Video rental chain based in IllinoisThe video of the family has announced its decision ofClose 200 of its stores, theNorthwest Indiana Time reports. "You may have heard that we are closing selected locations ... it's true. We liked serving as many communities over the years, but recent events havehave led us to make some commerce decision [s], "says the company in a statement.
Despite closures, 300 family video locations will remain open throughout the southwest and south.
The chain, which opened its first location in Springfield, Illinois in 1978, has managed to clutter the tendency of video channels ranging under a single business model. contrary toformer competitors like blockbuster, Family videohas all the buildings it operatesCOOKeith Hoogland say itStar Indy In 2015. "We are in the real estate sector," he said.
Family video is not the only brand that has been forced to make major changes since the success of COVID. Read it to find out which other beloved companies get the pandemic. And for more entertainment closures,This major cinema chain has just announced that it closes all places.
1 Bathtub bed and beyond
Geania of householdsBathtub bed and beyond Makes some major changes to stay in the middle of coronavirus. According to a July report ofUnited States today, the company plans toShutter 200 stores Over the next two years.
"The impact of the situation of COVID-19 was felt in our company at our first fiscal quarter, including the loss of sales due to the temporary closure of the stores and the pressure of the change of substantial channel change Digital, "said Bed Bath & Beyond President and CEOMark Tritton in a report. And for more news from shop closure,This 200-year-old shoe business could disappear.
2 Pier 1
Home Articles Store Pier 1deposited for bankruptcy in May. Many chain stores across the United States are already closed for good and the brand is currently closing its remaining locations by the end of October. This is not the only way to change your local shopping center, however:This beloved house shop closes more than half of its locations.
3 Stein Mart
Stein Mart Reduced Retailer has announced its bankruptcy deposition in August, stopping its remaining assets. Just a month after the bankruptcy deposit, real estate partners A & G had made every 280 showcases of the chainAvailable for lease by new tenants. And for more new news delivered directly to your inbox,Sign up for our daily newsletter.
4 21st century
Discount Iconic Discount Department Store CENTURY 21 announced on September 10th that he would observe every 13 of his locations in New York, New Jersey and Pennsylvania. CENTURY 21 is released with flamboyant firearms, with the co-general manager of the brandRaymond Gindi announcing that the insurers of society had "turned his back on us In this regard the most critical, "saying that" we could have saved thousands of jobs and the storm "if the company has received an adequate insurance guarantee.
5 Lord & Taylor
The Lord & Taylor department store is another victim of theEconomic slowdown related to coronaviruses. August 27, Lord & Taylorfiled for the bankruptcy of Chapter 11 And announced that it will close all its retail locations.
"We believe that it is prudent to simultaneously put the rest of the stores in the liquidation in order to maximize the value of the inventory of the succession while pursuing options for the marks of society", "the main restructuring officer of Lord & Taylor,Ed Kremer, says in a statement.
