This popular retail chain closes stores, from November 12

The company previously announced restructuring plans in 2020.


Whether it's looking for new home products or making grocery products, buyers have been thwarted every round of recent years.Bed bathtub and beyond announced in August that it would have the ax to 150 stores across the United States andpopular grocery chains Like Kroger, Whole Foods and Farmers Market Spruts have all closed several places. But now consumers looking for another type of product will end up with fewer places to buy soon. Read more to find out which popular retail chain closes the stores, from next month.

Read this then:This popular retail chain closes stores, from October 29.

More stores open than to close these days.

woman pushing shopping cart into grocery store
Whisper

Retail closings are being repaired at the moment. On October 4, theThe Wall Street newspaperreported thatRetail vacancy in the United States fell 6.1% in the last quarter, which has been the lowest that he has been for at least 15 years, according to the real estate service company Cushman & Wakefield. And a report by the financial service company Morgan Stanley found that there was more store opening than to close in the United States in 2021 for the first time in 26 years, according to the newspaper.

"The owners of brick and mortar stores emerge from the pandemic with surprising strength, displaying some of their best figures for years and plotting extensions while more and more Americans venture to buy things again ", them "The Wall Street newspaper Explain. "The turnaround of the retail real estate industry reflects a heartbreaking adjustment and a decade which included hundreds of bankruptcies of retailers, generalized vacant windows and a demand for the fall of shopping centers."

But at least one retailer is not entirely ready to join the turnaround, because he has just confirmed the closings of upcoming stores.

A popular retail chain is soon to close.

store closing and going out of business signs
Carolyn Franks / Shutterstock

Buyers could soon start looking elsewhere elsewhere. Office Depot soon prepares to close the stores, according to various reports.AE0FCC31AE342FD3A1346EBB1F342FCB

On October 6, a company spokesperson confirmedthat a location In Bozeman, Montana, closes definitively, theBozeman Daily Chronicle reported. Before that, Northwestern Washington KSQM's radio station reported in September that the office office in Sequim, Washington, isset to be closed Soon too.

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The two Office Depot stores have already started liquidation sales.

Office Depot store in Fairfax county, Virginia shop exterior entrance with sign, logo, doors , couple walking out
istock

A company spokesperson toldBozeman Daily Chronicle The fact that the Bozeman store at Stone Ridge Plaza will end for good on November 12. Meanwhile, it was not reported when the last day of activity is for the site of Sequim. This Office Depot store was already advertising business outing offers for buyers on September 19 to eliminate stocks, according to KSQM.

But a liquidation sale has also taken place on the site of Bozeman since September 15, theBozeman Daily Chronicle reported. As of October 7, the Sequim store isalways listed as open On the official company of the company and on Google.

Office Depot did not provide an explanation for the closure of one or the other location.Better life contacted the company to comment, but has not yet heard.

Office Depot has already closed hundreds of stores.

Office Depot Office Max store closing sale sign at this location only at 352 W Grand Avenue on September 28, 2020
Whisper

The ODP Corporation, which is the parent company of Office Depot, reported in its mostRecent financial results that its sales of retail division fell 11% in the second quarter of 2022 compared to last year. This was motivated by a loss of 71 retail locations "following closings of planned stores", according to the company.

In 2020, Office Depot announced that it would close aunpertified number of stores In the United States, by the end of 2023 as part of a restructuring plan to "realign" its operational objective and improve the costs of the company. At the time, the retailer said that he "still assessed the number of potential retail and distribution facilities, as well as the calendar of these closings". No details have been announced, but a total of 263 Office Depot stores have been closed 2020 to 2021.


Categories: Smarter Living
Tags: News / / Shopping
By: liz-szabo
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