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Soft Surroundings was rapidly declining between 2022 and early 2023, forcing the company to close nearly 30 of its over 70 underperforming stores. Back in June 2022, Soft Surroundings was planning on restructuring completely and refocusing its entire assortment on Gen X women to boost sales.
Soft Surroundings filed for Chapter 11 bankruptcy on September 11, 2023, announcing plans to close all 44 of its stores and sell its online and catalog business to Coldwater Creek. [ 261 ] Southeastern Grocers , owner of BI-LO , Harveys , Winn-Dixie , and Fresco y Más, filed for Chapter 11 bankruptcy on March 15, 2018.
Women’s clothing retailer Soft Surroundings is preparing to shut down its Main Street spot in downtown Naperville as the brand faces bankruptcy. Earlier this month, the St. Louis-based company ...
Just for Feet – bankrupt in 1999, acquired by Footstar, final stores closed in 2004. MC Sports – filed for bankruptcy and closed in 2017. Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores.
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In 2022, Bob’s Stores was sold to GoDigital Media Group. Bob’s joins a growing number of retail bankruptcies in 2024, spurred from a slowdown in consumer spending and rising inflation.
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 [2][3] and accelerating due to the mandatory closures during the COVID-19 pandemic. In 2017 alone, more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the face of rising ...
CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans to close 900 stores by 2024. Walgreens said in 2019 it would close 200 stores and in June announced ...
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