Store Closing List 2020: Macy's, Pier 1, Zara, Nordstrom, and More
Between COVID-19&aposs catastrophic impact on retail coupled with the continued rise of online shopping, 2020 has brought a store closing list that&aposs predictably vast. According to a recent report from retail data firm Coresight Research, as many as 20,000 to 25,000 stores in the U.S. could permanently shutter this year, with more than 4,000 stores saying they&aposll close down so far this year. More than half of the closures would be situated in malls, which are already in peril but have faced particular challenges due to social distancing.
Before the health crisis, a number of retailers filed for bankruptcy and started to shutter physical locations but in recent weeks the number has shot up. J. Crew, Neiman Marcus, and J.C. Penney are among the companies that filed for bankruptcy protection, while bankrupt sporting-good retailer Modell&aposs stopped liquidation sales and closed all its stores.
It&aposs not all gloom and doom, though: While some of your favorite retailers are closing select locations, several plan to divert savings into a focus on e-commerce, which is the way most of us shop these days anyway.
Below, an evolving tally of store closing updates.
Bath & Body Works
Stock up on Perfect Peony body splash now: Bath & Body Works&apos parent company, L Brands, announced in May 2020 that 50 locations in the United States, as well as one store in Canada, will close in 2020. The closures will mostly affect mall locations. It&aposs not all bad news for the brand: Though in-mall stores are largely going away, 26 new locations will also open this year.
Signet Jewelers
The company—which runs several familiar mall jewelry stores including Kay Jewelers, Zales, Jared, H.Samuel, and Piercing Pagoda—revealed in June 2020 plans to close 150 US stores and 80 UK stores ASAP, and that it will close at least another 150 stores before the end of the year, citing the impact of the COVID-19 pandemic
Gap
In March 2019, Gap said it will be shuttering approximately 230 stores during the next two years due to falling sales. As of January 2020, here are the locations that have closed or are scheduled to close.
Related: First Look at the GQ x Gap Coolest Designers Collection
Cropped Pullover Sweatshirt in French Terry
$35.00, Gap
Cropped Denim Jacket
$79.95.00, Gap
Maternity Cropped Overalls in Tencel
$49.00, Gap
Petite Hight-Rise Skinny Ankle Jeans
$49.00, Gap
Victoria’s Secret
Controversial lingerie retailer Victoria&aposs Secret&aposs parent company, L Brands, announced in May 2020 that it plans to close a quarter of its stores—250 locations—in the US and Canada during the next few months. The brand also said more closures could be on the horizon over the next few years. According to CNN, there are around 1,100 Victoria&aposs Secret locations in North America.
Papyrus
Paper goods and stationary chain Papyrus filed for bankruptcy in January 2020, which prompted plans to close all of its 254 stores across the US and Canada.
Retailers Offer Post-Christmas Sales
Zara
In June 2020, the fast-fashion retailer&aposs parent company, Inditex, announced plans to close between 1,000 and 1,200 stores over the next two years and divert resources into online sales strategies due to the ongoing COVID-19 pandemic. The company hasn&apost announced which Zara locations will be affected, but said in a statement that closings will be "stores at the end of their useful life."
Openwork Embroidered Dress
$69.9.00, Zara
Quilted Slides
$39.9.00, Zara
Mom Fit Jeans
$39.9.00, Zara
Embroidered Voluminous Top
$39.9.00, Zara
Chico&aposs
Chico’s FAS, the parent company of the women&aposs clothing chain, said in a 2019 press release that it will close 250 locations over the next three years and will put more effort into online sales. The company also operates White House Black Market and Soma.
JCPenney
The department store filed for bankruptcy in May 2020, and said it planned to eventually close about 30% of its 846 stores, many of which are situation in malls. Business Insider published a list in June 2020 of the JCPenney locations that will be closing as part of phase one.
Macy&aposs
In February 2020, department store Macy&aposs said it will be closing 125 stores over the next three years and cutting thousands of corporate jobs. It also will be shuttering several office locations throughout the country and will consolidate customer service centers. The retailer&aposs Manhattan, New York, location will become its only corporate headquarters.
Plus Size Puff Sleeve Mini Dress
$89.00, Macy&aposs
Michael Kors Women&aposs Slim Runway Olive Aluminum Watch
$195.00, Macy&aposs
Raisins Curve Wild Romance Printed Bikini
$70.00, Macy&aposs
St. Tropez Self Tan Classic Bronzing Mousse
$42.00, Macy&aposs
G.H Bass and Wilson&aposs Leather
New York-based fashion manufacturer G-III Apparel Group Ltd. announced in June 2020 that it will permanently close all 110 Wilsons Leather and 89 G.H. Bass stores.
Pier 1 Imports
The furniture chain is planning to close 450 stores—about half of its total locations—the company announced in January 2020 amid falling sales. The retailer&aposs CEO also said it planned to cut its corporate head count and shut down select distribution centers.
Destination Maternity
In 2019, it was announced that 183 Destination Maternity locations will close after the company filed for Chapter 11 bankruptcy protection. Motherhood Maternity and A Pea in the Pod also fall under the retailer&aposs parent company and will be affected. USA Today published the list of closures the same year they were announced. Online retail is up and running under Motherhood Maternity.
Floral Wrap Long Sleeve Maternity Maxi Dress
$55.00, Motherhood Maternity
Plus Size Full Coverage Nursing Bra
$35.00, Motherhood Maternity
Super Stretch Skinny Maternity Jeans
$39.98.00, Motherhood Maternity
Ruched Two Piece Maternity Tankini Swimsuit UPF 50+
$50.00, Motherhood Maternity
Modell&aposs
As of March 2020, bankrupt sporting-good retailer Modell&aposs stopped liquidation sales and closed all of its stores, according to Crains.
Express
In early 2020, fashion retailer Express said it will close 100 stores by 2022.
Nordstrom
Nordstrom announced in June 2020 that it will permanently close all three Jeffrey designer apparel stores (which it owns) in addition to the 16 Nordstrom department stores it plans to shut down .
Veja V-10 Sneaker
$150.00, Nordstrom
Nars Radiant Creamy Concealer
$30.00, Nordstrom
Lace Off the Shoulder High/Low Cocktail Dress
$179.00, Nordstrom
AMOENA Rhodes Pocketed One-Piece Swimsuit
$58.00, Nordstrom
NY & Co
The retail apparel chain&aposs parent company, RTW Retailwinds, revealed plans to close 27 stores in its portfolio in 2020, including 19 New York & Company locations, four Fashion to Figure stores, and four New York & Co. outlets.
A.C. Moore
Craft-store chain A.C. Moore plans to close all 145 of its stores in 2020, according to an announcement made by its parents company, Nicole Crafts, in November 2019. The company said it plans to acquire and convert around 40 locations into Michaels craft stores, a former competitor of A.C. Moore.
Forever 21
In October 2019, the fast fashion mega-chain announced it would be filing for Chapter 11 bankruptcy and planned to close up to 178 US locations. “The decisions as to which domestic stores will be closing are ongoing, pending the outcome of continued conversations with landlords,” a spokesperson for the retailer told Glamour in 2019. However, a month later, the company said it planned to reduce the US closures to 88 locations. E-commerce for the retailer is business as usual.
Tie-Dye Drawstring Hoodie
$25.00, Forever 21
Plus Size Cami Bodysuit
$9.99.00, Forever 21
Low Impact Longline Sports Bra
$14.99.00, Forever 21
Transparent Faux Leather Block Heels
$24.99.00, Forever 21
The Children&aposs Place
Kids&apos apparel retailer The Children’s Place announced in June 2020 that it will close 300 of its 920 stores in the United States, Canada, and Puerto Rico, with 200 planned for this year and 100 for 2021. E-commerce will be the company&aposs focus.
Bose
Electronics brand Bose is closing all of its 119 stores in the US, United States, Europe, Japan and Australia and will focus on online retail. According to Business Insider, approximtely 130 locations will remain open in China, the United Arab Emirates, India, and South Korea.
Guess
Apparel and accessories brand Guess plans to close approximately 100 stores in North America and China over the next 18 months.
Guess x J. Balvin Bike Shorts
$44.00, Guess
Santori Braided Sandals
$59.00, Guess
Lilla Linen Shorts
$69.00, Guess
Gold-Tone Chunky Chain-Link Necklace
$28.00, Guess
Tuesday Morning
Closeout discount decor chain Tuesday Morning filed for bankruptcy and plans to shut down around 230 of its nearly 700 locations in the coming months. "The prolonged and unexpected closures of our stores in response to COVID-19 has had severe consequences on our business," said CEO Steve Becker, in a news release.
GameStop
In 2020, the video-game chain said it expects store closures "to be equal to or more than the 320 net closures we saw in fiscal 2019 on a global basis. "
Bed, Bath & Beyond
The home goods giant announced plans to close dozens of stores in at least eight US states in 2020. See the list of closures here.
Hidden Retreat Lake & Lodge Gingham Check King Sheet Set
$69.99.00, Bed, Bath & Beyond
Pehr Kids&apos Pom Pom Mini Canvas Storage Bin
$24.00, Bed, Bath & Beyond
Puredown All Seasons Down Comforter
$149.99.00, Bed, Bath & Beyond
HANGUP Handbag Hanger
$16.99.00, Bed, Bath & Beyond
Sears & Kmart
In November 2019, Sears revealed plans to close 96 stores in February 2020, including 51 Sears locations and 45 Kmart stores. (The chairman of Kmart purchased Sears for $11 billion in 2004.)
Hallmark
Business Insider reported that at least 16 Hallmark-branded stores in 12 states would close in the first half of 2020, according to local reports and social media posts by store owners.
Starbucks
In June 2020, the coffee giant said it will close up to 400 company-owned stores in the U.S. and Canada over the next 18 months, as it rolls out new-format stores and makes other changes better suited to quick pickup and convienience.
Originally Appeared on Glamour
