Large Corporations Are Shutting Down Their Stores Throughout The Country

Payless

Payless ShoeSource had the most store closures this year out of all the businesses that intend to shut. To eliminate their merchandise and liquidate their shops, the firm intends to shut over 2,500 locations and conduct clearance discounts. Some shops will stay open until May, while others will shut by the end of March.

Payless

Gymboree

Gymboree Group Inc is a children’s clothing business that declared bankruptcy in mid-January. They also announced the closure of around 800 Gymboree and Crazy 8 shops in the United States and Canada. Furthermore, it has halted online purchases and begun liquidation sales in shops. Gymboree has filed for bankruptcy for the second time in the last two years. Just last year, the firm shut down numerous shops.

Gymboree