Big Lots, the discount retailer, has filed for bankruptcy just over a month after announcing plans to close hundreds of stores across …
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Store Closures
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Business
Red Lobster Files for Bankruptcy Amid Financial Struggles and Store Closures
by Sonia Parkby Sonia ParkRed Lobster, the popular seafood restaurant chain, has filed for voluntary Chapter 11 bankruptcy. The decision marks a significant turn for the …
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Business
Dollar Tree Announces Closure of 1000 Stores Amidst Strategic Review
by Sonia Parkby Sonia ParkRetail giant Dollar Tree has announced plans to shutter approximately one thousand Family Dollar and Dollar Tree stores across North America. This …
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Business
Macy’s Unveils Ambitious Restructuring Plan, Set to Close 150 Stores by 2026
by Sonia Parkby Sonia ParkIn a strategic move to adapt to evolving consumer behaviors and market dynamics, Macy’s has announced its intention to close 150 stores …