This shopping center can close in a store near you
Hits continue to come like this beloved store interference to stay afloat.
Abig store It was once a clip in shopping centers across the country can close its position closest to you. This week, JCPENENY filed a motion in court concerning thePreviously announced closure 144 of its stores following its bankruptcy deposit in May 2020; Some of the stores listed in the deposit have already closed.
In September,The New York Times reported that the Grand Store based in Texas had acceptedSell the end of his business Simon Property Group and Brookfield Property Partners, which mainly exploit shopping centers and outlets. Both companies would pay $ 300 million JCPenney for the rest of its retail operations, as well as the company's $ 500 million debt.
However, according toWall Street newspaperIt is still difficult to know how the Society will emerge from the bankruptcy process now that a JCpenney group of lenders, led by Aurelius Capital Management, arechallenge the product division The sale of the company, allegate that it promotes lenders on others.
JCPENENY joins a long list of stores making last ditch efforts to findProfits and restructuring in the middle of the pandemic, So read to find out if a store near you can possibly close its doors in the near future. And in other new purchasing news,Nordstrom became the first retailer to prohibit these products.
1 Family video
Video of the video store chain, who opened his first location in Springfield, Illinois in 1978, recently announcedplans to close 200 of its stores Throughout southwestern and south. "We liked to serve as many communities over the years, but recent events led us to bring some business decision [s]," said the company in a statement. And for more news from the store closure,This 200-year-old shoe business could disappear.
2 Regal cinemas
The Cineworld Group, which has Regal Cinemas, has announced that all of its 536 regal cinemas in the United States and 127 cinemas Regal and Picphone of U.K.would be closing As early as October 8th, we had to change the direction,cinemas and wait for a situation where studios will be able to present a solid liberation schedule, "CEO of CineworldGREIDING MOOKY RecountDeadline.
3 On the table
Home Store on the Table, which once operated 121 stores, filed for protection against bankruptcy in July 11 in July. Only two months later, the chain announced that it would beShuttering 56 of its stores, explaining in a statement that the decision was "resulting from the financial impact of the CVIV-19 crisis". And for more purchases delivered in your inbox,Sign up for our daily newsletter.
4 H & M
H & M Will Shutter 250 stores over the next year, the company announced in early October. H & M, which operates 5,000 stores globally, has not yet announced that shops will closure, but have admitted that the decision was related to theRelated retail slowdown with COVID. "More and more customers have started shopping online during the pandemic," said the company in a statement.
5 Bathtub bed and beyond
Giant bed of beloved home merchandise and beyond announced in September that it would beClose 200 stores over the next two years Following the coronavirus pandemic. "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 to the digital "Bed Bath & Beyond President and CEOMark Tritton said in a statement. And for good news on the retail forehead,This popular discount string launches a new shopping experience.
