Listed below are a number of the highest-profile retailers that introduced retailer closures in September:
The clothes retailer is closing between 40 and 50 places this 12 months, it introduced throughout an earnings name. It additionally stated it was eyeing as much as 500 places over the following two years that may very well be presumably closed.
Mattress Tub & Past
Century 21 blamed for its demise the dearth of payout on its enterprise interruption insurance coverage. It is also a part of a broader shakeup in within the trade, which struggled earlier than the pandemic.
Shops that relied on clothes gross sales, similar to Century 21, have been hit significantly exhausting as thousands and thousands of persons are out of labor and thousands and thousands extra are working from house and never needing to purchase as many gown garments.
Chief Monetary Officer Jim Bell stated the closures “will permit us to extra effectively and profitably service our clients.” He added “there are extra [closures] to do” in 2021 “as properly.” The chain was stung by falling gross sales of bodily video video games, one among its mainstays.
Sur La Desk
Sur La Desk is updating its web site with the shop closures. The retailer is totally leaving a number of states together with New Jersey, Georgia and Massachusetts.