, representing about half of its total store count, as it struggles to stay afloat after years of falling sales.
The closings could affect thousands of workers. Pier 1 had about 950 stores and roughly 4,000 employees at the time of the announcement. The company also said it planned to cut its corporate head count and shut down some distribution centers.New York & Co. parent company RTW Retailwinds filed for bankruptcy in July and said it planned to close most, "if not all," of its stores. The company operated 378 stores at the time of the bankruptcy. GameStop said in March that it closed 333 stores in fiscal 2019 and opened 12 new stores.
In 2020, the company said it expects store closures "to be equal to or more than the 320 net closures we saw in fiscal 2019 on a global basis. "Signet Jewelers runs more than 3,000 stores under the following banners: Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples, and Piercing Pagoda.in June that it plans to immediately close 150 US stores and 80 UK stores, and that it will close at least another 150 stores before the end of the year.
Business Insider estimates about 300 US store closings based on this announcement, and will update this figure when the company provides further information.
How so sad !
OUCH.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the downfall of Civilized, the cannabis media startup - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The Codecasa Jet 2020 yacht was designed to look like an aircraft - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Eat the Rich. Ugly ... and will never afford it How much is it?
Source: BusinessInsider - 🏆 729. / 51 Read more »
The 17 biggest growth trends all entrepreneurs need to watch in 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why is the Business Insider link redirecting to ? AI surely will reshape the world we live in.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us on Tuesday, July 14 at 1:30 p.m! BI reporter Shannen_Balogh will speak with Domm Holland, Fast's co-founder and CEO, and Jan Hammer, general partner at Index Ventures, about how to build a pitch deck and what it takes to win over investors.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Meet reclusive Marvel billionaire Ike Perlmutter, Trump's close friend - Business InsiderMeet reclusive Marvel billionaire Ike Perlmutter, who is close with Trump, wrestled control of the comic-book maker from Carl Icahn, and reportedly wore a fake mustache and glasses to disguise himself at an 'Ironman' premiere EnuffCed Here comes the cancelling in 3...2... What on earth was the point of that article? And I use the term article loosely. A billionaire that has rich friends the horror clownshow
Source: BusinessInsider - 🏆 729. / 51 Read more »
How to use Instagram's shop tab to market your business and make sales - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »