store closures
Coverage of store closures in the Nexus archive.
- WATCH: Saks exits bankruptcy with $500M financing and luxury-focused pivot
Saks Global has exited bankruptcy with $500M in financing and is restructuring through store closures, workforce reductions, and a strategic shift toward luxury retail and service. ABC News' Michelle Franzen and retail analyst Hitha Herzog analyzed the company's transformation.
- More than 1,000 stores are set to open across the US in 2026. See our list.
Over 1,000 new stores are planned for the US in 2026 by retailers like Dollar General, Aldi, and Starbucks, while store closures are expected to exceed openings. Discount retailers are expanding as consumers prioritize deals, but major chains like Macy's are reducing physical locations.
- Red Robin's last ditch effort to survive after closing 'underperforming' stores nationwide
Red Robin is making a final attempt to survive by closing 'underperforming' stores across the United States.
- Bargain chain to shut more stores as its 'dollar' name no longer matches soaring prices
A dollar store chain is closing more stores as its name no longer aligns with rising prices, signaling financial strain. The decision reflects challenges in maintaining affordability amid inflationary pressures.
- Morrisons plans to shut 100 stores with hundreds of jobs at risk as supermarket blames Labour's 'policy choices' for rising costs
Morrisons supermarket plans to close 100 stores, resulting in hundreds of job losses. The company attributes the closures to rising costs stemming from Labour government policy choices. This represents a significant restructuring for the UK grocery retailer.
- Fashion retailer to shut ALL of its stores by the end of next month after being plunged into administration
A fashion retailer has entered administration and announced the closure of all its stores by the end of next month. This represents a significant business failure in the retail sector, likely resulting in job losses and store shutdowns across the company's locations.
- Popular mall watch retailer quietly closes stores, plans more shutdowns
A popular mall-based watch and accessories retailer is closing stores as part of a turnaround strategy, having shuttered seven locations in Q1 2026 with plans for up to 15 additional closures this year. The company sells watches, handbags, jewelry and accessories across mall locations nationwide.
- Men’s Wearhouse Owner Files Confidentially for IPO
Tailored Brands Inc., parent company of Jos A. Bank and Men's Wearhouse, filed for Chapter 11 bankruptcy protection due to coronavirus-related store shutdowns. The company reduced its workforce by 20%, plans to close 500 stores, and reported a 60% decline in first-quarter sales.
- Plus-size fashion chain Torrid to shutter a third of its stores
Plus-size fashion retailer Torrid will close up to 30 additional low-performing stores in fiscal 2026, as announced by CEO Lisa Harper. This represents a third of its current store locations being shuttered.