All posts tagged closure (Related Tags: Sears, USA, Canada, uk, Victoria's Secret, Shop, Lloyds Pharmacy, shopping mall, Crédit Suisse, Ikea)

Nike, Urban Outfitters and other retailers shuttering stores temporarily because of coronavirus

A growing number of retailers have announced they are temporarily closing stores in an effort to prevent the spread of coronavirus.

Area News

Lowe's to shut 51 underperforming stores in the US and Canada

Home improvement chain Lowe's announced the closure of another 51 underperforming stores in the United States and Canada on Monday as it strives to compete with rival Home Depot in a slowing housing market.

2018 - Media Team Retailp.com

Area News

Bose is closing all of its retail stores in North America, Europe, Japan, and Australia

The move will result in hundreds of employees being laid off

Area News

Lloyds Pharmacy to shut 190 stores

In a leaked memo, which has since been verified by the company’s owner Celesio, staff were informed that pharmacy funding cuts, higher business rates and apprenticeship levy costs will see hundreds of stores cease to trade.

2017 - Media Team Retailp.com

Area News

Finland

Kesko to close Hehku Kauppa Wellbeing chain

Finnish retailer Kesko has announced that Hehku Kauppa, the wellbeing chain it operates alongside Oriola, is to discontinue its operations by spring of next year.

2018 - Media Team Retailp.com

Area News

Debenhams starts the year with significant store closures

Debenhams is starting the new decade with a raft of store closures. The company is planning to close 19 sites between January 11 and January 25.

Area News

Spain

H&M to close six stores in Spain, offers to relocate 145 staff workers

Swedish fashion chain H&M has announced it is to close six stores in Spain in the first half of the year to adapt to changes in the market. The company said it will try to relocate affected staff to other stores.

Area News

Toys 'R' Us to close at least 26 stores next year

Closures are expected to start in spring next year

2017 - Media Team Retailp.com

Area News

Yves Rocher to exit UK, website orders will stop in March

Yves Rocher is exiting the UK with the French beauty giant’s website set to stop taking orders from the middle of next month. The company blamed the economy for its move, which could mean the looming spectre of Brexit, the UK being officially due to leave the European Union on March 29, exactly two weeks after Yves Rocher’s last-order date.

Area News

Jeweller Thomas Sabo plots five store closures

If anyone needed more proof of the challenges facing UK retailers over the past year German jewellery brand Thomas Sabo has joined the long list of companies launching a company voluntary agreement (CVA).

Area News

Canada

Canadian designer Hayley Elsaesser closing store

Canadian designer Hayley Elsaesser is waving goodbye to her flagship in Toronto, and saying hello to a new business model.

Area News

Forever 21 reportedly closing 100 stores on restructure

Fashion retailer Forever 21 Inc is preparing to close at least 100 stores as part of a restructuring plan, Bloomberg reported earlier this week, citing people with knowledge of the plans.

Area News

Germany

Saks Off 5th to exit German market

Premium outlet chain Saks Off 5th is set to leave the German market just two years after its launch. According to TextilWirtschaft, all eight stores, which sell premium fashion at discounted prices, are due to close in the summer. Karstadt Sports, the sport division of parent company Galeria Karstadt Kaufhof, could move into the majority of the units, reported the magazine.

Area News

Sweden

H&M plans to close 170 stores worldwide amid coronavirus pandemic

H&M is planning to close 170 stores worldwide after experiencing a drop in sales amid the coronavirus pandemic.

Area News

Express to close 100 stores by 2022

Express Inc. revealed it plans to close approximately 100 stores by 2022, in a newly announced corporate strategy -- 'The Expressway Forward'.

Area News

Tapestry to shutter more stores on Covid-19

Tapestry Inc. said on Friday that is was extending store closures in North America and Europe for an additional two weeks through April 24, in light of continued efforts to slow the transmission of Covid-19.