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Store closures have become a constant element in the United States since 2020, and even with an improvement in the economic climate, they do not stop anytime soon. Popular reduction retailers like Marshalls and Big Lots have already confirmed that they will be Fence of certain locations During the new year, but it is not only the budgetary channels that pass their imprints at retail. High -end retailers, including Banana Republic, are also soon put in stores. Read to find out more about these upcoming closings.

Read this then: Jo-Ann Fabrics closes the stores, from January 22 .

Banana Republic is set to close your store In Stamford, Connecticut, CT Insider reported on January 5. The employees of Banana Republic said that the last day of activity of the location will be the day before January 24, and that there are already panels in the store indicating "everything must go" and "nothing retained".

But it is not the only Banana Republic store on the cutting block at the moment. The retailer will also close stores in Harrisburg, Pennsylvania and Chicago, Illinois, in the near future.

The Republic of Harrisburg banana, located at the Susquehanna stores market, will hold His last day of activity On January 31, Pennlive reported in December. An exact closure date for the Republic of the Banana of Chicago - located in the magnificent shopping district of the Magnificent Mile of the City - has not yet been announced, but We expect that After the expiration of the lease at the start of this year, according to NBC 5 Chicago.

Better life contacted Banana Republic to confirm the three toy store closings, but has not yet heard.

It is not exactly a surprise that the imprint of Banana Republic shrinks. In October 2020, Gap Inc., owner of Banana Republic, announced its intention to close About 350 Gap and Banana Republic stores across North America by the end of 2023.

"While we adapt to the current market conditions and respond to the increase in online demand, we carefully examine our real estate to support the best way to follow," Gap said in a statement on his website, adding That the decision behind mass closings was made "in order to have a smaller and healthier fleet of stores".

According to the GAP website, around 100 banana republic stores have already been closed in the United States and Canada since the launch of the plan. A retailer spokesperson confirmed to CT Insider that the Stamford store was also "supporting these efforts" announced in 2020.

"We continue to analyze our real estate strategy carefully to support the best way to follow," said the spokesperson.

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The Popular Retaler of House furniture Williams Sonoma also provides for new store closures during the new year. The high -end retailer should soon close at least two locations. AE0FCC31AE342FD3A1346EBB1F342FCB

One of the closures Will be the Williams Sonoma store at Lehigh Valley Mall in Whitehall, Pennsylvania, The morning call reported on January 4. An exact closing date has not been announced, but an employee of the store told the local newspaper that he could occur at the end of this week, because most of the stores of the store have already been sold.

The other Williams Sonoma shop which will soon be closed is located in Westfield, New Jersey, Patch reported on January 5. Shelley Brindle , the mayor of Westfield, confirmed to the news that the store located on Central Avenue would be closed for good.

"Unfortunately, it is true. I was told that it was an underperforming store and that the owner was ready to renegotiate the rent to make them stay, but the decision had been made," -Ali said to Patch. As for the Whitehall Williams Sonoma, Brindle said that she was not sure of the exact closing date of the location.

Better life Contacted Williams Sonoma for more information on the closures, but has not yet heard.

Like Banana Republic, Williams Sonoma had previously announced mass closing plans. Back in 2021, CFO Julie Whalen revealed to investors that the company was looking for close From its retail fleet over the next five years, Alpha reported.

Williams Sonoma has already closed a net of 33 stores in 2020 and, at the end of 2026, the company should close a total of 150 stores, according to the financial media.

"Our continuous efforts to optimize our detail fleet by renegotiating the rent or by closing less profitable stores allowed us to minimize our growth in the occupation dollar and to deliver this occupation lever effect," Whalen told investors .