Godiva to Exit All North America Stores
Demand for in-person chocolate shopping had “waned as a result of the pandemic and its acceleration of changes in consumers’ shopping behavior."
Sur La Table Files Chapter 11 With Sale Plan
“This sale process will result in a revitalized Sur La Table, positioned to thrive in a post COVID-19 retail environment."
Gap Halts Rent Payments Amid Liquidity Challenges
The retailer is suspending $115 million in monthly rent payments and is looking for ways to fund operations.
Pier 1 to Close 450 Stores as Q3 Loss Widens
The closures "will enable us to move forward with an appropriately sized store footprint and operating structure as an omnichannel retailer."
Pier 1 Stock Plunges as Sales Slump Continues
The retailer is also closing a dozen more stores and could eventually "close up to 15% of our portfolio” of 967 stores.
Toys R Us Liquidation Dashes ‘New Era’ Hopes
The bankrupt retailer says it will shut down all its U.S. stores after a disastrous holiday season thwarted its turnaround effort.
Toys R Us Plans Closures of up to 182 Stores
The retailer says the closures are a "critical component" of its business plan as it seeks to emerge from bankruptcy.