It hasn’t been the best 2019 so far for brick and mortar retail shops — especially mall stores.
Here’s a roundup of some of the most shocking store closures so far in 2019:
Dollar Tree is closing 390 Family Dollar Stores.
Dollar Tree owns the struggling chain, and they’re shutting down Family Dollar locations to make investors happy.
Learn more about the Family Dollar Stores closures here.
53 more Victoria’s Secret stores (so far) are gonna close this year.
The lingerie retailer has struggled recently for a number of reasons, and parent company L Brands is looking to stop the bleeding by closing stores and reducing locations’ square footage nationwide.
Learn more about Victoria’s Secret closing down stores here.
Gap is closing 230 stores as Old Navy prepares to become its own company.
Gap experienced a 5% drop in sales last year — the most underperforming of the Gap, Inc. brands. Some reshuffling — which includes letting Old Navy go it alone — looks to turn the tide.
Find out what’s going on with Gap closing stores (and divorcing Old Navy).
All 900 Gymboree stores are shutting down.
Kids outfitter Gymboree filed bankruptcy for the second time this year, which ended their brick and mortar operations.
They’ve had some financial trouble for a while. Learn more about why Gymboree is closing and how you can take advantage of sales.
Charlotte Russe declared bankruptcy, closing their 512 stores.
Charlotte Russe says it failed in keeping up with fashion trends fast enough, leading to sales slumps and an increasingly bad financial picture.
They cut their debt by 58% in 2018, but it wasn’t enough to save the company from bankruptcy.
Find out what Charlotte Russe going out of business means to you.
All 2,100 U.S. Payless ShoeSource stores are closing over the next several months.
It’s one of the biggest retail liquidations ever — and they’re going to be selling everything.
Find out how Payless going bankrupt affects you.
This is just the beginning — retailers have announced a total of 4,810 store closures since New Year’s Day.
Last year, Coresight Research reported 5,524 closures for the ENTIRE YEAR. But still, 2019 would have a long way to go to match the record 8,139 closures in 2017.
It’s simple: closures = liquidation sales.
Generally speaking, most of these sales last 8-12 weeks, depending on inventory. While discounts increase over time, like up to 90% off, you won’t want to wait that long because the best stuff will be gone.
But hey, at least Toys”R”Us is coming back!