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Store Closures

All articles tagged with #store closures

Crumbl Cookies Closes Dozens of Stores Amid Steep Sales Decline
business6 hours ago

Crumbl Cookies Closes Dozens of Stores Amid Steep Sales Decline

Crumbl Cookies is closing dozens of locations nationwide, including stores in Augusta, Georgia, and Montgomery, Alabama, as the chain faces a sharp drop in sales. Industry reports indicate at least 57 stores have closed this year, with unit volumes down 16% and August sales 70% lower than two years prior. The company, which reached $1 billion in revenue within its first seven years, now has over 1,000 locations but is struggling to maintain momentum after co-founders stepped down earlier in 2026.

via WRDW|
#business#consumer-spending#crumbl-cookies
Ikea Abandons Small-Format Strategy, Closing Three D.C. Area Showrooms
retail13 days ago

Ikea Abandons Small-Format Strategy, Closing Three D.C. Area Showrooms

Ikea is closing three small-format plan-and-order stores in the Washington, D.C., area by late November 2026. The closures, affecting locations in Georgetown, Annapolis, and Fairfax, mark a strategic pivot away from smaller footprints toward larger full-service stores and digital channels. Employees will be offered relocation opportunities, and customers can continue projects at nearby full-service locations or online.

via retaildive.com|
#ikea#northern-virginia#retail
TJX adds 11 net new TJ Maxx stores despite 2026 closures
business13 days ago

TJX adds 11 net new TJ Maxx stores despite 2026 closures

The TJX Company opened 11 net new TJ Maxx stores in the first half of fiscal 2027, ending with 1,359 locations as of August 1, 2026. While three stores closed in Maryland and Massachusetts, the parent company plans to accelerate openings to 4% annually and reach 7,500 global stores long-term. Nine additional TJ Maxx locations are scheduled to open by November 1, 2026.

via USA Today|
#business#discount-retail#fiscal-2027
Starbucks closes 250 North American stores, including Richmond and Houston locations
business19 days ago

Starbucks closes 250 North American stores, including Richmond and Houston locations

Starbucks is closing 250 underperforming stores across North America, including locations in Richmond, Houston, and Greenville County. The move, announced by COO Mike Grams, targets sites lacking financial viability or customer experience potential. This is the second consecutive year of mass closures, affecting roughly 1% of the chain's 18,000 North American locations. Employees are being transferred or offered severance, while some closed spaces are already attracting new tenants.

via Richmond BizSense|
#business#north-america#retail-restructuring
Starbucks Closes 250 North American Stores, Including San Jose and Orange County Locations
business20 days ago

Starbucks Closes 250 North American Stores, Including San Jose and Orange County Locations

Starbucks is closing approximately 250 underperforming locations across North America, including 13 in the Bay Area and two in Orange County. The closures, announced by CEO Brian Niccol, are part of a $300 million restructuring plan aimed at shifting back to larger, traditional coffeehouse formats. Employees and customers in affected areas, such as San Jose and Rancho Santa Margarita, received minimal notice, with some locations closing within days of the announcement.

via NBC Bay Area|
#brian-niccol#business#california
Independent Safeway in Indianapolis Garfield Park to Close Amid Rising Costs
business1 month ago

Independent Safeway in Indianapolis Garfield Park to Close Amid Rising Costs

An independent Safeway location at 2176 Shelby St. in Indianapolis is closing after the owner cited rising operating costs and local construction challenges. The store, which is not affiliated with the Albertsons-owned Safeway chain, will wind down operations and sell inventory before shutting, though no specific closing date has been announced. The owner operates four other Safeway locations in Indiana that will remain open. This closure occurs amid broader industry consolidation, including Albertsons’ recent store reductions following the failed Kroger merger.

via IndyStar|
#albertsons#business#grocery
Grocery Giants Trim Footprints as Dozens of Stores Go Dark Nationwide
business2 months ago

Grocery Giants Trim Footprints as Dozens of Stores Go Dark Nationwide

Major grocery chains are closing dozens of underperforming stores across the U.S. to cut costs: Kroger plans about 60 closures in 18 months and has pursued the Giant Eagle acquisition; Grocery Outlet is shuttering 36 stores (mostly on the East Coast); Safeway/Albertsons are reducing footprints; Walgreens has closed more than a dozen locations as part of a multi-year cost-cutting push, underscoring concerns about access to affordable, fresh food in affected communities.

via nypost.com|
#business#grocery#kroger
Walgreens trims its footprint: dozens of store closures across 12 states in cost-cutting move
business2 months ago

Walgreens trims its footprint: dozens of store closures across 12 states in cost-cutting move

Walgreens is shuttering more than a dozen underperforming stores across at least 12 states—including New York and New Jersey—as part of a multiyear plan to cut about $1 billion in costs. After going private with Sycamore Partners, the company reduced its store-closure targets to fewer than 100 for the year. Affected customers can transfer prescriptions to another Walgreens location or use delivery, with 90 days of free prescription delivery and no action required to move their records.

via New York Post|
#business#cost-cutting#pharmacy
Staples accelerates store closures as office-supplies demand shifts online
business2 months ago

Staples accelerates store closures as office-supplies demand shifts online

Staples announced two more store closures in Goleta, California, and Levittown, New York, in August 2026 as part of a broader effort to shrink its U.S. footprint amid declining demand for traditional office supplies and a shift toward digital channels and services; the retailer has reduced its U.S. store count from about 929 in 2015 to roughly 916 by early 2026, signaling ongoing consolidation in the office-supplies market.

via Yahoo Finance Singapore|
#business#e-commerce#office-supplies