Which Payless stores are closing

These Brands Are Closing the Most U.S. Stores in 2019 - These Brands Are Closing the Most U.S. Stores in 2019

The massive US store closings, dubbed the retail apocalypse, will continue in 2019. The biggest loss of brick and mortar retail to date will be the closure of all 2,500 Payless shoe stores after filing for bankruptcy. The Gymboree Group will close all of its children's clothing stores Gymboree and Crazy 8 locations. Charlotte Russe clothing stores are also slated to disappear, while Family Dollar stores will be partially closed, remain open and converted into Dollar Tree locations (cheap general stores).

When retail money moves fast online, big department stores suffer too. Sears made it into the top 10 in 2019 with 70 closed locations, but other brands such as Kmart (50 locations), JCPenney (27 locations), Macy’s (9 locations), Kohl’s (4 locations) and Nordstrom (3 locations) are also included.

U.S. retailers closed 9.5 million square feet in 2017 and a record 14 million square feet in 2018, according to Business Insider's ranking. 2019 could lead to a new record.

Massive store closures in the U.S., dubbed the retail apocalypse, are continuing in 2019. The biggest loss of brick-and-mortar retail announced so far will be the shuttering of all 2,500 Payless shoe stores following a bankruptcy filing. Gymboree Group will close all its locations of kids clothing stores Gymboree and Crazy 8. Charlotte Russe clothing stores are also to disappear while Family Dollar stores are partially closing, remaining open and being converted to Dollar Tree locations (cheap mixed-goods shops).

With retail money moving online quickly, large department stores are also suffering. Sears made the top 10 in 2019 with 70 locations closing, but other brands like Kmart (50 locations), JCPenney (27 locations), Macy’s (9 locations), Kohl’s (4 locations) and Nordstrom (3 locations) are also shuttering stores.

Retailers in the U.S. closed 102 million square feet in 2017 and a record 155 million square feet of space in 2018, according to the ranking by Business Insider. 2019 might bring about a new record.

You will find more infographics at Statista

 


 

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