The “retail apocalypse” has been going on for several years and unfortunately it won’t stop this year. It is fair to say that the majority of retailers closed stores at least temporarily due to COVID-19. But more than 40 retailers have announced plans to close some or all of their stores permanently this year.
A number of the retailers on this list have filed for bankruptcy. They include Stein Mart; the Ascena Retail Group, the owner of Ann Taylor, Catherines, Loft, Lane Bryant, Justice and Lou & Grey; Retailwinds, the owner of New York & Company, Fashion to Figure, and Happy x Nature; Brooks Brothers; GNC; Tuesday Morning; JCPenney; J. Crew; AVF Holdings Inc., the owner of Art Van Furniture, Levin Furniture and Wolf Furniture; Pier 1 Imports; Gold’s Gym; Tailored Brands, the owner of Men’s Warehouse and Jos. A. Bank; CEC Entertainment, the parent company of Chuck E. Cheese and Peter Piper Pizza; and Hertz.
Some of the retailers on this list will close all of their stores. They include Pier 1 Imports, New York & Company, Catherines, G.H. Bass and Wilsons Leather.
The store closings of many of these national retailers will be felt at shopping centers across central Pennsylvania. Here are the 40 national retailers that will be closing stores in 2020… PennLive