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The retailer has closed more than stores this year. Sears Holdings said eligible associates impacted by these store closures will receive severance and can apply for open positions at its remaining stores. The struggling retailer said it planned to close stores back in March, but it postponed liquidation sales until May due to increased foot traffic after the closing announcement. In a news release , J. Payless ShoeSource announced in August that it has successfully emerged from its Chapter 11 restructuring.
Prior to the bankruptcy filing, its website said the discount shoe retailer had 4, stores worldwide. That number was revised to 3, in its latest news release. Vitamin World has filed for Chapter 11 bankruptcy protection and plans to close dozens of underperforming stores, according to The Wall Street Journal. Discount perfume retailer Perfumania filed for Chapter 11 bankruptcy protection in late August and planned to close 64 of its stores, CNN Money reported.
In a news release , the retailer said it will emerge as a privately held company after the restructuring. No list of the affected locations was released, but Perfumania has been reducing its retail store portfolio by accelerating the closure of underperforming stores.
Bad news for tea lovers! Starbucks is closing every single one of its Teavana retail stores after a strategic review of the business. Many of the Teavana stores, which are primarily mall-based, have been underperforming.
The stores will close over the coming year, with the majority shutting down by next spring, according to a news release. During a recent earnings call, company executives announced that stores are part of its fleet optimization program.
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