This popular retail chain closes all its stores on September 30
This retailer has already started liquidation sales at its remaining locations.
There is no guarantee thatYour favorite store will stay in business, especially these days. Financial difficulties are exacerbated by the pandemic, changes in buyers' purchase habits, and now inflation has all helped in companies in all areastheir retail footprint during the last years. And this trend concerning store closures is not over. In fact, a popular channel has just announced that it completely closes the shop. Read more to find out which company closes all its remaining stores this fall.
Read this then:This popular retailer firm 81 stores due to "important disturbances".
Several companies have recently closed all their stores.
While even big names like Walmart and CVS have closed locations here and there across the country, some companies could not keep any of their stores afloat.
Since 2020, there have been a number of companies that haveclosed all their stores In the United States, in the past two years only, we have lost Lord & Taylor, Stein Mart,Family video,,Electronics from Fry, andStock + field-Just to name a few. Companies loveKmart were almost completely left, because this retailer has only three locations open after the fence of more stores in 2022.
Now another retailer has just announced that he is closing all of his stores this year.
These stores will have left completely by October.
The popular sports channel Olympia Sports is closingAll of its retail stores Before the end of the year, thePortland Press Herald reported on July 22. A company spokesman told the newspaper that the 35 of its other stores would close by the end of September. But the spokesperson for Olympia Sports said that she did not know how many employees will be affected by the permanent closures, according to thePortland Press Herald.AE0FCC31AE342FD3A1346EBB1F342FCB
"It's a bit sensitive for many store managers," said a Massachusetts unnamed store in the newspaper. "Many people have been here for over 30 years. Many people, they have never worked anywhere else. We only discovered Monday morning, and we are already organizing the fence ... it's always A little sensitive and raw for many people. "
RELATED:For more up-to-date information, register for our daily newsletter.
The chain has existed for almost 50 years.
Olympia Sports is bankrupt a few years before its 50th birthday. According toPortland Press Herald, the Maine -based sports retailer was founded in 1975, when his first store opened in South Portland. At its peak around 2013, more than 200 locations were spread over the east coast of Maine in Virginia.
Just before the pandemic in 2019, however, there were only 150 stores in Olympia Sports open in the United States the same year, the company was bought by Jackrabbit, a brand of active lifestyle based in Denver, Colorado , and 76 stores were closed as part of the acquisition.
Olympia Sports has already started liquidation sales in its remaining locations.
Olympia Sports spokesperson told Portland Press Herald that all 35 remaining stores had already started liquidation sales. On its official website, Olympia Sports has aLIVE BANNER: "Everything must go! Sale of fence. All locations. See the store for more details."
According to its store locator, theThe remaining locations are distributed Through several northeast states, notably New York, Pennsylvania, Vermont, New Hampshire, Massachusetts and Maine.