Tag: stores

Stores closing include Bed Bath and Beyond, Nordstrom, in 2020

  • Retailers have confirmed at least 7,500 US store closings for 2020.
  • Stein Mart, Men’s Wearhouse, Lord & Taylor, Microsoft, GNC, JCPenney, Victoria’s Secret, Nordstrom, and Sears are among the retailers that are planning to close stores this year.
  • Visit Business Insider’s homepage for more stories.

Retailers are expected to close more than 7,500 stores this year, following record-high rates of closings last year.

More than 9,300 store closings were announced in the US in 2019, smashing the previous record of roughly 8,000 store closures in 2017, according to an analysis by Business Insider.

The number of store closings this year

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DSW is opening shoe stores inside supermarkets

Milk, eggs, chicken breasts — and a pair of Vince Camuto ankle boots?

Footwear retailer DSW just opened a pair of 1,200-square-foot shoe shops inside two supermarkets in Minneapolis — each of them located at the front of the store, with as many as 3,000 pairs of shoes to choose from.

Customers can either pay for their shoes in the checkout lane at Hy-Vee, a regional grocery chain in the Midwest, or separately inside the DSW mini shop. Some Hy-Vee locations will also will have DSW pickup lockers, allowing customers to order from dsw.com and have their order shipped directly

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Amazon’s foray into luxe fashion will hit struggling department stores

Amazon announces the launch of Luxury Stores.

Source: Amazon

Amazon’s foray into luxury fashion is the latest blow this year to U.S. department stores, which have been hit especially hard by the coronavirus pandemic

The e-commerce company announced Tuesday the launch of a section on its mobile app called Luxury Stores, kicking off with items from designer Oscar de la Renta’s pre-fall and fall-winter 2020 collections. It said additional luxe fashion brands will be added to the app in the coming weeks. 

Only Amazon Prime members will initially be able to shop this section by invitation, according to Amazon.

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Major nationwide mall owner will keep stores closed on Thanksgiving

Major nationwide mall owner will keep stores closed on Thanksgiving

It has not been unusual in recent years for shoppers to skip the turkey dinner on Thanksgiving to stand in long lines outside of malls in hopes of scoring a cheap TV or doorbuster deal.But this year, at some of America’s biggest malls and outlet centers, the Thanksgiving Day discount shopping frenzy won’t be happening.Mall owner Simon Property Group said Monday its locations will remain closed on Thanksgiving, though they will open the following day for Black Friday.Click here

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Mall owner Simon Property Group will keep stores closed on Thanksgiving

But this year, at some of America’s biggest malls and outlet centers, the Thanksgiving Day discount shopping frenzy won’t be happening.

Mall owner Simon Property Group (SPG) said Monday its locations will remain closed on Thanksgiving, though they will open the following day for Black Friday.

“In these challenging times, we made the decision that we will not open on Thanksgiving Day, instead allowing our associates to spend the holiday with their loved ones,” David Simon, the company’s CEO, said in a release.

The announcement marks a major shift in strategy for the biggest shopping weekend of the
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