JCPenney is an American department store chain with 656 stores across 49 U.S. states and Puerto Rico. It is managed as part of the Catalyst Brands portfolio alongside other apparel retailers such as Brooks Brothers and Eddie Bauer.
Pier 1 Imports, Inc., is an online retailer and former Fort Worth, Texas-based retail chain specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories, and seasonal decor. It was publicly traded on the New York Stock Exchange under ticker PIR. In January 2020, Pier 1 had over 1,000 physical stores throughout the United States and Canada. Pier 1 filed for Chapter 11 bankruptcy protection on February 17, 2020, and on May 19, 2020, announced it was asking the bankruptcy court to close all stores, due in large part to the COVID-19 pandemic.
Discount stores offer a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs.
Big Lots Stores, Inc. is an American discount retail chain, specializing in the sale of closeout and overstock merchandise. Founded in 1967 as Consolidated Stores, the chain is headquartered in Columbus, Ohio, and includes over 900 locations across the United States.
Tuesday Morning Corporation was an American household merchandise discount home goods store headquartered in Dallas, Texas. Founded in 1974, Tuesday Morning once had over 700 locations across the country and advertised itself as having high quality products at low prices.
Caldor, Inc. was a discount department store chain founded in 1951 by husband and wife Carl and Dorothy Bennett. Referred to by many as "the Bloomingdale's of discounting," Caldor grew from a second story "Walk-Up-&-Save" operation in Port Chester, New York, into a regional retailing giant. Its stores were earning over $1 billion in sales by the time Carl Bennett retired in 1985, by which time Caldor was a subsidiary of Associated Dry Goods.
Shopko was a chain of department stores based in Green Bay, Wisconsin. All locations closed on June 23, 2019, with the exception of the Shopko Optical locations, which continue to operate.
Zayre was a chain of discount stores that operated in the eastern half of the United States from 1956 to 1990. The company's headquarters were in Framingham, Massachusetts. In October 1988, Zayre's parent company, Zayre Corp., sold the stores to the competing Ames Department Stores, Inc. chain. In June 1989, Zayre Corp. merged with one of its subsidiaries, The TJX Companies, parent company of T.J. Maxx, which still exists today. A number of stores retained the Zayre name until 1990, by which time all stores were either closed or converted into Ames stores.
Peck & Peck was a New York City-based retailer of private label women's wear prominently located at 581 Fifth Avenue.
Pay 'n Save was a retail company founded by Monte Lafayette Bean in Seattle, Washington, in 1940. Over the years, Pay 'n Save was the leading drugstore chain in Washington and was the owner of several Washington-based retailers, including Lamonts and Ernst. A 1984 sale of the company to The Trump Group and a 1986 attempt to transform the retailer into a bargain-basement merchandiser resulted in a loss of nearly $50 million. By 1988, Pay 'n Save was sold to Thrifty Corporation, who later sold the stores to PayLess Drug, who retired the Pay 'n Save name. As a result, most of the retailer's divisions were spun off as separate companies or shuttered. As of 2023, Pay 'n Save's membership discount chain, Bi-Mart, is the sole surviving division of the company.
Modell's Sporting Goods Online, Inc. is an American online sporting goods and related apparel retailer. Modell's began with operating retail stores between the late 1880s and the late 2010s. In 2020, Modell's became a brand owned by the private-equity firm Retail Ecommerce Ventures.
Ashley Landing is a shopping center in Charleston, South Carolina, United States. It was the first indoor shopping mall in the West Ashley area of Charleston when the complex was fully completed in 1972. The center, located at 1401 Sam Rittenberg Boulevard at the fork of Old Towne Road was developed by Gate City Realty Company of Fort Lauderdale, Florida. Ground was broken for the complex in 1962 with Ashley Plaza opening on April 16, 1964. At its opening the shopping center consisted of J.M. Fields Department Stores joined to a Pantry Pride supermarket, built at a cost of $1.75 million and owned by Sumar Corporation of South Carolina. The locally owned Condon's Department Store, constructed adjacent to Pantry Pride as a freestanding building, became the third tenant when it opened in 1970. The center, originally known as "Ashley Plaza" was noted for its large red and white neon pylon "Ashley Plaza" sign in the center of the parking lot that remained until 1989 when it was destroyed by Hurricane Hugo.
Linens 'n Things was a big-box retailer specializing in home textiles, housewares, and decorative home accessories. Based in Clifton, New Jersey, the chain operated 571 stores in 47 U.S. states and six Canadian provinces, and had 7,300 employees as of December 2006. The company's business strategy was "to offer a broad selection of high quality, brand name home furnishings merchandise at exceptional everyday values, provide superior guest service, and maintain low operating costs."
Town and Country Shopping Center is a shopping center located in Kettering, Ohio, United States. It opened in 1951 and features both enclosed and open-air walkways that connect a series of adjacent stores and restaurants.
Dressbarn is an online retailer that specializes in women's casual dresses, leisure wear, accessories, and workwear. The company was founded as Dress Barn and operated retail stores between the early 1960s and late 2010s. In 2020, it became a brand owned by the private equity firm Retail Ecommerce Ventures (REV) and branded as dressbarn.
The retail apocalypse refers to the closing of numerous brick-and-mortar retail stores in the United States, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic.
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of the retail apocalypse were exacerbated. A number of notable retailers filed for bankruptcy including Ascena Retail Group, Debenhams, Arcadia Group, Brooks Brothers, GNC, J. C. Penney, Lord & Taylor and Neiman Marcus.
US$1.36 billion (2016)
US$3.57 million (2016)
