All articles tagged with #store closures
GameStop reportedly closed more than 400 US stores in January 2026 as CEO Ryan Cohen aims for a $35 billion pay package if the company’s market cap hits $100 billion, with redundancies also affecting EB Games in New Zealand and other regions.
GameStop reportedly began 2026 by shuttering up to 296 US stores in the first week, with signs offering a 20% trade-in bonus if customers visit other GameStop locations. The closures may be connected to CEO Ryan Cohen’s at-risk pay package, which could total $35 billion if the company reaches a $100 billion market cap, distributed in nine tranches starting at $20 billion. Separately, RNZ reports GameStop is considering ending EB Games in New Zealand, potentially closing 38 stores pending a full consultation with affected staff.
GameStop plans to shutter about 435 stores across 42 states in 2026 as it trims its brick-and-mortar footprint to reach CEO Ryan Cohen’s $100 billion market-cap target; the company has closed hundreds of locations in recent years and is winding down international ops, with thousands of jobs at stake as Cohen eyes roughly $35 billion in stock options.
GameStop is shuttering about 410 US locations (with 11 more planned) as part of a broad cost-cutting plan, extending a trend of store reductions and international downsizing noted in its December 2025 SEC filing; the move comes as the retailer continues to redefine its strategy after a 2021 market surge and amid failed NFT/crypto pivots. The filing also mentions a potential payout of up to $35 billion in stock options to CEO Ryan Cohen if GameStop hits a $100 billion market cap.
Several stores in Raleigh and Durham, including Legacy Oriental Rugs, Macy's at Triangle Town Center, and Loft at The Streets at Southpoint, are closing due to reasons such as lease non-renewals and business restructuring, with last days for shopping approaching.
Macy's plans to close 14 stores nationwide as part of its strategic efforts to optimize its store footprint and invest in digital growth, despite recent sales momentum and positive customer response.
Macy's plans to close 14 stores across 12 states in early 2026 as part of its 'A Bold New Chapter' strategy, focusing on stronger locations amid a broader plan to shutter 150 stores by the end of the year, despite recent strong holiday sales.
Walgreens, a historic Chicago drugstore chain, was acquired by private equity firm Sycamore Partners in a highly leveraged buyout, raising concerns about its future stability due to high debt levels, past corporate struggles under similar ownership, and recent cost-cutting measures, which may lead to store closures, job losses, and reduced community access to healthcare by 2026.
GameStop is closing its stores in Troy and Huber Heights, with the Huber Heights location closing on January 8 and Troy on January 15, directing customers to nearby stores. Dayton locations remain unaffected.
Three stores—Tommy Bahama, Banana Republic, and Wockenfuss Candies—are closing at Towson Town Center, amid ongoing safety issues and declining mall prosperity, raising concerns about the mall's future and local economy.
In 2025, over 8,100 stores across the U.S. closed due to a wave of bankruptcies and economic challenges, including major brands like Bargain Hunt, Forever 21, Joann Fabrics, Liberated Brands, Party City, Rite Aid, and Sonder, reflecting ongoing struggles in the brick-and-mortar retail sector.
Starbucks closed around 400 stores in the U.S. in 2025 as part of a $1 billion restructuring plan, citing underperforming locations and increased competition, with plans to open new stores in 2026.
Starbucks is reducing its urban store footprint in major US cities like New York and Los Angeles due to increased competition, changing consumer habits, and operational challenges, shifting focus towards suburban expansion and store renovations to revitalize sales.
Circle Furniture, a New England furniture chain with over 70 years of history, abruptly closed all its stores and laid off employees just before Christmas, citing financial difficulties, with the closure described as 'until further notice' and raising concerns about the timing and impact on workers.
Brian Niccol, CEO of Starbucks since September 2024, has implemented a series of strategic changes under the 'Back to Starbucks' campaign, including menu updates, store closures, staff policy reforms, and digital app improvements, aimed at revitalizing the brand and improving customer experience.