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Store Closures

All articles tagged with #store closures

Wendy's to shutter up to 360 U.S. stores to lift profitability
business10 days ago

Wendy's to shutter up to 360 U.S. stores to lift profitability

Wendy's plans to close 300–360 U.S. stores in 2026 (about 5–6% of its outlets) to boost profitability at remaining locations; interim CEO Ken Cook says closures will improve sales and profits, a move that sent shares higher. The company reported U.S. sales fell more than 11% in Q4 2025 as rising costs and higher prices squeezed consumers, especially those in lower-income brackets, prompting Wendy's to lean more on value offerings.

Pizza Hut to Close 250 U.S. Locations as Yum! Brands Reassesses Future
business20 days ago

Pizza Hut to Close 250 U.S. Locations as Yum! Brands Reassesses Future

Yum! Brands will shutter 250 underperforming Pizza Hut locations in the U.S. during the first half of 2026 as part of a broader strategic review that could include selling the brand. The closures affect U.S. units and come amid weaker domestic performance, though international results have been stronger. Pizza Hut ended 2025 with about 19,974 global stores (a net decline of 251), with planned international expansion in 2026, while peers like Taco Bell and Domino’s posted gains.

Pizza Hut to shutter 250 U.S. stores as Yum! Brands overhauls the chain
business22 days ago

Pizza Hut to shutter 250 U.S. stores as Yum! Brands overhauls the chain

Yum! Brands says 250 underperforming Pizza Hut locations will close in the first half of 2026 as part of the Hut Forward overhaul to modernize the brand; the move follows a 4Q2025 decline in Pizza Hut US sales, while other Yum! Brands concepts like Taco Bell posted gains; no specific Brown County closures have been released, though the area has five Pizza Hut locations; other chains such as Noodles & Company, Red Robin and Wendy’s are also downsizing to focus on top-performing stores.

Pizza Hut to shutter about 250 U.S. stores as Yum Brands reviews strategy
business23 days ago

Pizza Hut to shutter about 250 U.S. stores as Yum Brands reviews strategy

Pizza Hut plans to close roughly 250 U.S. locations in the first half of the year as part of Yum Brands’ broad strategic review, affecting about 3% of its U.S. restaurants. The move follows a 3% decline in U.S. same-store sales amid competition from Domino’s, with a potential sale among the options being considered; exact closures aren’t disclosed yet. Cincinnati area has about 2–3 dozen Pizza Hut outlets.

Discount-focused retailers push 2026 US store expansion, even as closures ease
business-retail25 days ago

Discount-focused retailers push 2026 US store expansion, even as closures ease

Coresight Research forecasts about 5,500 US store openings and 7,900 closures for 2026, a 4.5% drop in closures from 2025 and the lowest in three years. Dollar General, Aldi, and Tractor Supply lead openings (Aldi expects 180+ new stores), while GameStop, Francesca’s and Walgreens sit atop the closures list; Amazon plans to convert Fresh/Go locations to Whole Foods. The trend highlights a shift toward value retailers and tighter real estate supply, amid some bankruptcies like Saks Global and LKM Convenience.

Saks pivots to luxury as discount stores face mass closures
business27 days ago

Saks pivots to luxury as discount stores face mass closures

Saks Global has filed for Chapter 11 and will shutter most of its discount stores (Saks Off Fifth and Last Call), leaving a minority of Off Fifth locations open as it refocuses on core luxury brands. Liquidation sales begin Jan 31; the Saks Off 5th website will close, while 41 Saks and 36 Neiman Marcus/ Bergdorf Goodman stores and their e-commerce will continue. Gift cards can be used through Feb 14, returns/exchanges for purchases before Jan 31, and store-credit redemptions until March 1. The moves aim to cut debt and reset leases after a debt-fueled acquisition.

Amazon Fresh to Close About 60 Stores After Struggling to Stand Out in Groceries
business28 days ago

Amazon Fresh to Close About 60 Stores After Struggling to Stand Out in Groceries

Amazon is shutting roughly 60 Amazon Fresh grocery stores in the U.S. after employees and executives said the chain failed to offer a clearly distinctive value proposition, with weak foot traffic, a diffuse product mix, and tepid adoption of its cashierless Just Walk Out tech. The closures come as Amazon doubles down on Whole Foods and grocery delivery under its One Grocery strategy, underscoring a broader challenge to replicate scale in physical retail.

Amazon pivots from Fresh and Go to expand Whole Foods footprint
business1 month ago

Amazon pivots from Fresh and Go to expand Whole Foods footprint

Amazon will sunset its Amazon Fresh and Amazon Go physical stores and convert several locations into Whole Foods Market outlets, part of a broader shift to prioritizing larger-format stores while keeping Fresh online grocery. The company plans to open more than 100 new Whole Foods locations in coming years and expand Whole Foods Daily Shops, continuing Fresh online delivery. The move follows years of experimentation and prior closures, including UK Fresh stores and Southern California locations, and reflects Amazon's ongoing effort since acquiring Whole Foods in 2017 to gain a bigger share of the grocery market; the cashierless Go tech has been dialed back and repurposed.