Retailers close more 250 stores across America

Фото: Depositphotos

More and more retailers are reporting plans to close a number of stores. At the rate Credit SuisseThis year, US retail stores are planning to close more than 800 branches. This is more than in 2008 at the height of the financial crisis.

Some people call it a retail apocalypse, because the power of e-commerce and the high debt burden make a number of retailers declare bankruptcy or reduction.

Director General Urban Outfitters said that after years of redistribution, the retail bubble has burst.

Here are seven brands that close most of the stores this year.

1. RadioShack: 1 430 stores

RadioShack, once known as "America's technology store," has long been in decline. After several years of losses, the company declared bankrupt in 2015, but the deal with Sprint At that time, it helped retain most of the stores. However, this effect turned out to be temporary, as the company again filed for bankruptcy in March, and then closed 1000 stores on Memorial Day after 430 closed earlier.

Wrong leadership and aggressive buybacks played a cruel joke with RadioShack.

2. Payless ShoeSource: 800 Stores

In April, the network filed for bankruptcy, saying that it would close 400 stores, and then 400 would add to the plan for closure.

These are just 20% of the total in 4000. As is the case with other shopping centers, Payless suffering from declining sales, which is unlikely to change. Therefore, the prospects for exit Payless doubtful.

3. Rue21: 400 Stores

Rue21 filed for bankruptcy in May, saying it would close 400 stores from 1179. The retailer sought court approval for additional funding of $ 175 million, and the company expressed optimism about its business after the cost structure was improved.

4. Gymboree: from 375 to 450 stores

The seller of children's clothes Gymboree filed for bankruptcy just a few weeks ago, stating that he would close from 375 to 450 from 1 281 stores, to free himself from debt of $ 1 billion. In the last quarter, the seller lost $ 324 million.

5. Ascena Retail Group: from 268 to 667 stores

Ascena Retail Group, owner of brands like Ann Taylor, Lane Bryant and Dress Barn, said it closes 268 stores in June and may close to 667 over the next two years.

6. Sears: 265 stores

Unlike other retailers on this list Sears Holdings Corp. It has not yet declared bankruptcy, but many expect the network to close either this or next year. The retailer announced the closure of 20 stores, bringing the total to 265 this year.

7. The Limited: 250 stores

The Limited became one of the first retailers to report closing stores this year, because at the beginning of 2017, one subsidiary L Brands stated that it will close all remaining 250 stores. She soon declared bankruptcy. During the announcement, the company announced that its website will continue to work, although at present it has only Coming Soon.

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