'Sears, Payless ShoeSource, Forever 21 and Walgreens are among the retailers that announced store closures in 2019, a record year according to Coresight Research. '
earlier in the year. Walgreens said the closures are part of a cost-cutting plan, and will help it focus on more profitable locations., started to wind down earlier this year. In May, Ascena said it moved forward with this plan in order to be able to turn its focus to its stronger brands, like Ann Taylor and Loft. All roughly 650 Dressbarn stores are expected to go dark by the end of 2019, but some are still in the midst of liquidation sales as the holiday season wraps up.
have grown in popularity, especially among younger consumers. Some of A.C. Moore's other rivals in the craft space include Michaels and Jo-Ann Stores.Christian bookstore chain LifeWay Christian Store said in March that it planned to close all 172 of its stores by the end of 2019, moving its business entirely online. The company had initiatives, like adding coffee bars to certain locations, to try to boost traffic. But they weren't enough to get LifeWay back to profitability.
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