All articles tagged with #store closures
Apple will permanently close three U.S. stores in June, including Towson Town Center in Maryland—the first Apple location in the U.S. unionized—while Trumbull and North County staff will transfer to nearby stores per the union contract; Towson workers may apply for open roles or receive severance if no new store opens within 50 miles within 18 months. IAM CORE says the move could be union-busting and is exploring legal options.
Apple will permanently close three U.S. stores—Apple Trumbull in Trumbull, CT; Apple North County in Escondido, CA; and Apple Towson Town Center in Towson, MD—in June. Trumbull and North County employees will transfer to nearby Apple Stores, while Towson staff can apply for open roles under their union agreement with IAM CORE. The closures come amid declining mall conditions and retailer exits, but Apple says it has opened 11 new stores since 2025 and that the move does not reflect overall performance.
Macy’s topped Q4 estimates with adjusted EPS of $1.67 on $7.64B revenue and full-year comparable sales up 1.5%, led by Bloomingdale’s and Bluemercury. The retailer issued a cautious 2025 outlook, guiding sales of $21.4–$21.65B and adjusted EPS of $1.90–$2.10 as macro headwinds—gas prices, tariffs, geopolitical risk—loom over discretionary spend, while the company continues its plan to close about 150 Macy’s stores as part of its Bold New Chapter store-refresh strategy.
Eddie Bauer LLC filed for Chapter 11 bankruptcy on Feb. 9, 2026, and after failing to attract a qualified bidder by the March 3 deadline, canceled its March 6 auction and signaled that all U.S. and Canadian stores could close as leases are marketed; closing sales will continue and gift cards or refunds will not be accepted after March 12. Authentic Brands Group, which owns the brand IP, plans a strategic pivot toward product innovation and digital expansion and has partnered with Outdoor 5 (Oved) to handle e-commerce and wholesale operations in the U.S. and Canada.
Grocery Outlet says it will close 36 stores this year—eight in Maryland—after posting a $224.9 million net loss for fiscal 2025, as it trims its growth plan, subleases affected locations, and still aims to open 30-33 new stores in 2026 with comparable sales potentially down up to 2%.
Grocery Outlet Bargain Market, the Emeryville-based discount grocer, will permanently close 36 underperforming stores nationwide after a $218 million Q4 2025 loss; 24 of the closures are on the East Coast, and it’s unclear whether any Bay Area locations will be affected. The company is reshaping its growth plan and reallocating resources while its stock fell about 24% after hours; it attributed the Q4 loss in part to cuts in SNAP benefits under the Trump administration.
Grocery Outlet says it will close 36 stores by year-end as part of an optimization plan after acknowledging it expanded too quickly; 24 of the closures are in the eastern U.S., while the company plans to open 30–33 new stores in 2026. The retailer posted a $225 million net loss for 2025 despite a 7.3% rise in net sales and operates 560+ stores across 16 states; no layoffs were announced and the plan aims to strengthen long‑term profitability.
Grocery Outlet Bargain Market is closing 36 underperforming stores across six states (CA, ID, MD, OH, PA, NJ) as a cost-cutting correction after rapid expansion and changes to SNAP benefits; locally, two Philadelphia stores, one in Chester County, and five South Jersey locations (Delran, Gibbstown, Mays Landing, Rio Grande, Sicklerville) are affected.
Wendy's plans to close 300–360 U.S. stores in 2026 (about 5–6% of its outlets) to boost profitability at remaining locations; interim CEO Ken Cook says closures will improve sales and profits, a move that sent shares higher. The company reported U.S. sales fell more than 11% in Q4 2025 as rising costs and higher prices squeezed consumers, especially those in lower-income brackets, prompting Wendy's to lean more on value offerings.
Yum! Brands will shutter 250 underperforming Pizza Hut locations in the U.S. during the first half of 2026 as part of a broader strategic review that could include selling the brand. The closures affect U.S. units and come amid weaker domestic performance, though international results have been stronger. Pizza Hut ended 2025 with about 19,974 global stores (a net decline of 251), with planned international expansion in 2026, while peers like Taco Bell and Domino’s posted gains.
Yum! Brands plans to close roughly 250 underperforming Pizza Hut locations in the first half of 2026—about 3% of U.S. outlets—citing weak same-store sales and a broader downturn in the pizza market, as the parent company weighs strategic options for the brand amid competition and value-focused promotions at rivals like Taco Bell.
Yum! Brands says 250 underperforming Pizza Hut locations will close in the first half of 2026 as part of the Hut Forward overhaul to modernize the brand; the move follows a 4Q2025 decline in Pizza Hut US sales, while other Yum! Brands concepts like Taco Bell posted gains; no specific Brown County closures have been released, though the area has five Pizza Hut locations; other chains such as Noodles & Company, Red Robin and Wendy’s are also downsizing to focus on top-performing stores.
Pizza Hut plans to close roughly 250 U.S. locations in the first half of the year as part of Yum Brands’ broad strategic review, affecting about 3% of its U.S. restaurants. The move follows a 3% decline in U.S. same-store sales amid competition from Domino’s, with a potential sale among the options being considered; exact closures aren’t disclosed yet. Cincinnati area has about 2–3 dozen Pizza Hut outlets.
Pizza Hut plans to close roughly 250 U.S. stores in the first half of 2026 as Yum Brands reviews the brand’s positioning, potentially pursuing a sale; the closures come as U.S. same-store sales fell in Q4 and for the year, highlighting ongoing challenges in the chain’s turnaround.
Pizza Hut will close about 250 underperforming U.S. locations in the first half of this year as Yum! Brands reviews strategic options for the brand, including a possible sale; the closures come as Pizza Hut reports a 3% drop in same-store sales, while Taco Bell grows and KFC stabilizes amid a tough pizza market.