Store closures news and archive

Eddie Bauer store operator reportedly set to file for bankruptcy, affecting 200 stores in US

Eddie Bauer is said to be preparing to file for bankruptcy and shut down its 200 North American stores, according to sources at WWD. The outdoor brand’s store operations are owned by Catalyst Brands under license from brand owner Authentic Brands Group, which would indicate that the broader Catalyst Brands business would not be affected. The...

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Womenswear retailer Francesca’s begins liquidation process

US womenswear retailer Francesca’s is believed to have begun closing its stores after sources suggested it had launched a liquidation process last week. A bankruptcy filing is also anticipated. According to WWD, when contacted for a comment, a customer service representative told the media outlet that “we are liquidating our inventory and...

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Macy’s confirms further 14 store closures

US department store Macy’s is due to close a further 14 locations this year as part of its ongoing ‘Bold New Chapter’ transformation strategy. The additional store closures were confirmed in a memo to employees from chairman and CEO Tony Spring, seen and reported on by WWD. In the note, Spring said: “In executing our strategy, we continue to...

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Claire’s reportedly set to close up to 145 stores across UK

Accessories retailer Claire’s is believed to be preparing to shutter 145 stores across the UK and Ireland on the back of securing a new owner for its business in the two regions. The move comes after Modella Capital stepped up to rescue the retailer from administration last week. The deal, however, only involved the purchase of 156 Claire’s...

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FatFace confirms US store closures as digital pivot comes into focus

British brand FatFace has shuttered its 23 stores across the US as it moves towards a digitally-focused approach amid a challenging market. Rising costs were said to be the driving force behind the closures, as the physical store model was deemed to no longer be viable in the US. Despite this, the brand has confirmed an intention to move to an...

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Forever 21 expected to close all 354 US stores on May 1

Forever 21 is officially shutting its doors. The fast fashion retailer is believed to be preparing to close all of its 354 US stores today, May 1. This is according to court documents obtained by USA Today. The company’s operator, F21 OpCo, had been given until April 30 to find a buyer for the brand, however, no such party has stepped forward....

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Frank and Oak brings forward US store closures amid tariff ‘uncertainty’

Canadian retailer Frank and Oak has confirmed plans to close all of its stores across the US as part of an ongoing liquidation process. In a statement on its website, the company said operations in the region will shutter by the end of April 2025. This is an earlier date than planned. According to Frank and Oak, the shuttering “was moved up due...

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Forever 21 holds mass liquidations sales across all US locations after filing for bankruptcy

Former fast-fashion giant Forever 21 is currently running mass liquidation sales across all its US store locations and online following its recent bankruptcy filing. The news comes days after F21 OpCo LLC, Forever 21's US branch operator, filed for bankruptcy. Once an iconic North American fashion chain that aimed to bring the latest trends to...

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Saks Global confirms Neiman Marcus Downtown Dallas Store closure

Saks Global, which acquired Neiman Marcus in 2024, has confirmed the impending closure of its store in downtown Dallas, Texas. The company has been unable to reach an agreement with the leasing landlord and the city regarding the store's location. In a statement published on February 27, Saks Global reiterated its aim to shut down its Neiman...

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Select Fashion set to close 12 stores across the UK following CVA filing

High street fashion retailer Select Fashion is believed to be closing 12 of its branches over the next two months, almost one year on from its entry into a Company Voluntary Arrangement (CVA). Impacted stores are said to be primarily in the North of England, according to The Sun, which reported that it had seen documents revealing that staff at...

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UK: Nearly 13,500 retail stores closed in 2024, independents hit hardest

New figures have shown that 13,479 retail stores across the UK closed for good over the course of 2024, an increase of 28 percent on levels from the year prior, according to provisional data from the Centre for Retail Research. This reflected a rate of around 37 store closures a day. Almost half of the yearly figure–7,537 in total–shuttered...

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Ted Baker to close all UK stores this week as Frasers talks halt

After a period of reported back-and-forth, it is now believed that talks between Mike Ashley’s Frasers Group and Ted Baker parent company Authentic Brands Group have stalled. The news comes ahead of the imminent closure of Ted Baker’s remaining 31 stores in the UK, which are set to shutter this week. Frasers’ name first came into circulation...