All articles tagged with #store closures
Raley's is closing several underperforming California and Nevada stores as part of a regional downsizing, with some closures expected through 2027; the chain plans a new O-N-E Market in Madera in spring 2027 and will continue operating more than 100 stores under multiple banners.
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.
Kroger will shutter more than 60 underperforming stores nationwide, including two in California, as part of a strategic consolidation to redirect resources to stronger markets and newer formats, while finalizing a $1.65 billion acquisition of Giant Eagle that will add hundreds of supermarkets to its network.
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.
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.
MTY Group announced it will close 45–50 Papa Murphy’s locations over the next six to nine months after a performance review found the take-and-bake chain underperforming, a move meant to reduce losses and refocus resources on stronger brands. The closures come as MTY manages a large portfolio and Papa Murphy’s US presence has fallen from 1,168 stores in 2023 to 1,014 in 2025, with further shutter plans possible.
OutKick reports Hooters has closed multiple locations in liberal-led states, notably Massachusetts and New York, leaving Michigan with a single remaining store. Company leadership hints at western expansion and a Hooters movie, indicating strategic shifts behind the closures amid a evolving domestic footprint.
T-Mobile plans to shrink its physical store footprint by shuttering many third-party retailer locations (TPRs) on July 1 as part of its shift to a digital-first strategy under the T-Life initiative. Corporate-owned stores are largely spared, and some TPRs are being absorbed by others (e.g., Arch Telecom) to consolidate locations. The move aims to push customers toward T-Mobile’s COR stores and the T-Life app, which now has millions of users, while driving more traffic online and at remaining stores.
Apple is permanently closing three U.S. stores today—Towson Town Center (Maryland), North County in Escondido (California), and Trumbull (Connecticut)—citing the departure of retailers and declining mall conditions; affected employees may transfer to nearby Apple stores, and the Towson closure has drawn criticism from the union and lawmakers given its history of unionization.
Papa John’s is accelerating a plan to close about 300 underperforming restaurants by end-2027, with 44 locations shut in Q1 2026 across 17 states (mostly franchised and more than a decade old) to boost profitability and franchisee health. Management says closures target restaurants averaging under $600,000 in annual sales and will be offset by cost savings and a stronger supply chain, with roughly 200 closings expected in 2026 to concentrate resources in priority markets.
West Marine is closing five Washington locations (Bellingham, Bremerton, Everett, Spokane, and Port Townsend) after filing for Chapter 11 bankruptcy, part of a broader plan to reduce debt and stabilize operations. The retailer will shutter 59 stores nationwide butcontinue operating in about 200, with online and West Marine Pro App support. The company aims to emerge from Chapter 11 by August 20, subject to court approvals and milestones including a potential June auction.
Starbucks Korea will close all its outlets at 3pm next Monday to conduct mandatory historical awareness and social sensitivity training following a marketing campaign that invoked the 1980 Tank Day crackdown, which led to public backlash and the firing of the local CEO; the nationwide early closure is the first of its kind since its Korea launch in 1999 and aims to prevent similar PR missteps by educating leadership and staff about the country’s democracy history.
Apple will permanently close three U.S. stores—Trumbull, CT; North County in Escondido, CA; and Towson Town Center in Towson, MD—by the evening of June 20, citing declining mall conditions. Towson workers are unionized under IAM CORE with a 2024 contract; the union alleges unequal treatment as non‑union staff can transfer while Towson staff cannot. Apple says it is honoring the contract, offering severance unless a new store opens within 50 miles within 18 months (with right of first refusal for affected employees). Apple has no current plans for a nearby replacement.
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.