U.S. retailers that closed large numbers of stores or announced closures in 2014 include Office Depot and its affiliate Office Max, with 400 closures planned to take place in the lead up to 2016. Discount store Family Dollar also announced that 370 of its locations would close in 2014.Continue Reading
Other major downsizings included apparel company Coldwater Creek, which announced 365 closures as a part of its bankruptcy. Dots also declared bankruptcy, closing 360 stores, while department store Sears announced 339 closures. Video rental chain Blockbuster closed 300 locations as it wound up its business, while Barnes & Noble announced 223 closures over the next decade. Electronics retailer Radio Shack began closing 200 stores over a four-year period, while ALCO went bankrupt and closed its 198 variety stores.
Other notable closures included 180 Abercrombie & Fitch stores, which were scheduled to be closed by the end of 2015, and 175 Aeropostale stores set to close over a multi-year period. American Eagle Outfitters added to the list of clothing retailers downsizing their retail footprint, with 150 closures set to take place by 2017. Kmart announced 150 closures, and Office Depot announced a similar number just before the end of the year. Brown Shoes and Famous Footwear began closing 145 locations as well.
Additional closures took place at GameStop (128 stores), Crocs (100 stores), Walgreens (76 stores), 7-Eleven (75 stores), Coach (70 stores) and Juicy Couture (70 stores). Express also began closing 50 of its locations, along with Guess (50 stores), Wet Seal (48 stores), JCPenney (33 stores), Build-a-Bear (25 stores by 2015), and Sony (20 stores).Learn more about Corporations