All articles tagged with #store closures
Swatch's Royal Pop watch, created with Audemars Piguet, drew huge queues and forced some stores to close for safety across the UK, France and Switzerland; the £335 timepiece is already appearing in high online resales, with buyers flipping it for around £1,000 and listings up to £16,000.
The Audemars Piguet x Swatch Royal Pop pocket watch drop sparked chaotic scenes at Swatch stores worldwide, prompting police presence and several store closures for safety, plus arrests; dedicated fans waited in lines for days, with some watches resold for thousands on secondary markets. Swatch says the collection will remain available for months and urged calm.
Surging crowds for the Audemars Piguet x Swatch Royal Pop Collection led to multiple Swatch store closures in the U.S. and Europe to ensure safety; at least 19 U.S. locations paused sales, with scenes in New York, Atlanta, Chicago and London. The watches cost $400–$420 and the collection is not a limited edition, but Swatch warned queues could be capped in some places and sales paused for safety.
Seven & i Holdings says its North American unit will close 645 stores in fiscal 2026, with some converted to wholesale fuel outlets, as openings there lag closures. The parent also projects a 9.4% revenue drop for the year while pursuing growth abroad and via initiatives like fresh food and 7NOW delivery.
7-Eleven's North American unit plans to close 645 stores in fiscal 2026, more than the 205 it expects to open, with many closures tied to converting sites to wholesale fuel stores; Seven & i expects revenue to fall about 9.4% for the year as it shifts growth outside North America and boosts offerings like fresh food and 7NOW, under new CEO Stephen Hayes Dacus.
Seven-Eleven plans a major retrenchment, announcing the closure of about 645 North American stores as part of a broader restructuring of its footprint and operations.
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.