store closures

Godiva to Exit All North America Stores
Strategy

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."
By Matthew Heller | January 25, 2021
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Sur La Table Files Chapter 11 With Sale Plan
Credit & Capital

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."
By Matthew Heller | July 9, 2020
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Gap Halts Rent Payments Amid Liquidity Challenges
Credit & Capital

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.
By Lauren Muskett | April 23, 2020
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Pier 1 to Close 450 Stores as Q3 Loss Widens
Strategy

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."
By Matthew Heller | January 7, 2020
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Pier 1 Stock Plunges as Sales Slump Continues
Financial Performance

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.
By Matthew Heller | June 28, 2019
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Toys R Us Liquidation Dashes ‘New Era’ Hopes
Corporate Finance

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.
By Matthew Heller | March 15, 2018
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Toys R Us Plans Closures of up to 182 Stores
Strategy

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.
By Matthew Heller | January 24, 2018
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Sears Narrows Loss But Comp Sales Drop 15%
Financial Performance

Sears Narrows Loss But Comp Sales Drop 15%

While store closures helped Sears cut its third-quarter loss by nearly $200 million, "the fundamental economics of the business do not add up."
By Matthew Heller | November 30, 2017
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