Store Closing List 2020: Macy’s, Pier 1, Zara, Nordstrom, and More

486Whitney PerryJune 20, 2020, 10:00 AM CDT

Between COVID-19&aposs catastrophic impact on retail coupled with the continued rise of online shopping, 2020 has brought a store closing list that&aposs predictably vast. According to a recent report from retail data firm Coresight Research, as many as 20,000 to 25,000 stores in the U.S. could permanently shutter this year, with more than 4,000 stores saying they&aposll close down so far this year. More than half of the closures would be situated in malls, which are already in peril but have faced particular challenges due to social distancing.  

Before the health crisis, a number of retailers filed for bankruptcy and started to shutter physical locations but in recent weeks the number has shot up.  J. Crew, Neiman Marcus, and J.C. Penney are among the companies that filed for bankruptcy protection, while bankrupt sporting-good retailer Modell&aposs stopped liquidation sales and closed all its stores. 

It&aposs not all gloom and doom, though: While some of your favorite retailers are closing select locations, several plan to divert savings into a focus on e-commerce, which is the way most of us shop these days anyway. 

Below, an evolving tally of store closing updates. 

Bath & Body Works

Stock up on Perfect Peony body splash now: Bath & Body Works&apos parent company, L Brands, announced in May 2020 that 50 locations in the United States, as well as one store in Canada, will close in 2020. The closures will mostly affect mall locations. It&aposs not all bad news for the brand: Though in-mall stores are largely going away, 26 new locations will also open this year.

Signet Jewelers

The company—which runs several familiar mall jewelry stores including Kay Jewelers, Zales, Jared, H.Samuel, and Piercing Pagoda—revealed in June 2020 plans to close 150 US stores and 80 UK stores ASAP, and that it will close at least another 150 stores before the end of the year, citing the impact of the COVID-19 pandemic

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