store closings

Columbus, Ohio — Big Lots, Inc. has entered into an agreement with an affiliate of Nexus Capital Management LP, pursuant to which Nexus has agreed to acquire substantially all of the company’s assets and ongoing business operations. To facilitate the transaction, the company, together with each of its subsidiaries, initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. During and after this process, Big Lots will continue to serve customers at their nearest store location or online at www.biglots.com. As part of the court-supervised …

Quincy, Mass. — Stop & Shop, a grocery store chain based in the Boston suburb of Quincy, has announced plans to close 32 locations by the end of this year.  Situated throughout the Northeast, the stores — described in a press release as “underperforming” — are located in Connecticut, Massachusetts, New Jersey, New York and Rhode Island. According to the grocer, the affected stores will shutter on or before Nov. 2. Associates at the locations will be offered other employment within the company.  “As we announced in May, Stop & …

Columbus, Ohio — Discount retailer Big Lots plans to close 35 to 40 stores this year, according to an SEC filing submitted by the company. Big Lots saw a 10.2% year-over-year decrease in net sales in the first quarter of 2024. “While we made substantial progress on improving our business operations in Q1, we missed our sales goals due largely to a continued pullback in consumer spending by our core customers, particularly in high-ticket discretionary items,” says Bruce Thorn, president and CEO of Big Lots. “We remain focused on managing …

Meriden, Conn. — Bob’s Stores is closing all locations and liquidating its inventory as part of the Chapter 11 bankruptcy restructuring petition filed on June 18. The Meriden, Conn.-based clothing retailer, which is a subsidiary of GoDigital Media Group, was unable to secure the financing needed to maintain operations. Bob’s began going-out-of-business sales in stores on June 28 with discounts of 30% to 70% off merchandise. Hilco Merchant Resources, in a joint venture with Gordon Brothers, is managing the liquidation event that includes all 21 remaining stores throughout Connecticut, Massachusetts, …

Boston — Gordon Brothers has begun store closing sales at select Ted Baker locations throughout the U.S. and Canada, including outlets. Store closing sales are also underway at eight Brooks Brothers and seven Lucky Brand retail locations in Canada. Ted Baker, a retailer of men’s and women’s high-end designer clothing and accessories, is closing 31 retail stores in the U.S. and nine stores in Canada. Ted Baker Canada, which conducts business operations for Ted Baker in Canada, Ted Baker Limited in the United States, Brooks Brothers in Canada and Lucky …

Columbus, Ohio — Fashion retailer Express Inc. has filed for Chapter 11 bankruptcy protection and plans to close 107 of its 602 stores. The Columbus, Ohio-based company’s portfolio includes apparel brands such as Bonobos, Express and UpWest Express. As part of the proceedings, 95 stores under the company’s Express banner will be shuttered alongside all 12 of its UpWest Express locations. The closing sales at affected stores are scheduled to begin on April 23, 2024. Express concurrently announced that it has received a non-binding letter of intent from a consortium …

Lakewood, Colo. — Christy Sports, a premier outdoor rental and retail service provider, will close all store locations in New Mexico, effective upon the conclusion of the 23/24 winter ski season. Christy Sports currently operates six total stores in New Mexico, including four locations in Taos Ski Valley under the banners of Cottam’s, Alpine Xtreme and Bootdoctor’s, one location in downtown Taos under Cottam’s and one seasonal location in Santa Fe under Cottam’s. The company made the decision to exit New Mexico to prioritize investment in more profitable regions. Christy …

Commerce, Calif. — 99 Cents Only Stores LLC plans to close all 371 of its stores and wind down its business operations. The company has entered into an agreement with Hilco Global to liquidate all merchandise and dispose of fixtures, furnishings and equipment at the stores. Sales under this agreement began on April 5. 99 Cents Only was founded in 1982 as a deep-discount retailer where every item cost less than a dollar. The company is headquartered in the southeast Los Angeles suburb of Commerce, and currently operates stores in …

Chesapeake, Va. — Dollar Tree Inc. plans to close approximately 970 underperforming Family Dollar stores. In addition, Chesapeake, Va.-based Dollar Tree identified approximately 30 underperforming Dollar Tree stores for closure. Roughly 600 Family Dollar stores are slated to close in the first half of fiscal 2024, with about 370 Family Dollar locations and the 30 Dollar Tree locations set for closure at the end of each store’s current lease term. Years of mismanagement and poor conditions in stores have hurt Family Dollar’s brand, reports CNN. The discount chain is known …