stores closing in 2020 due to coronavirus
Neiman Marcus filed for Chapter 11 bankruptcy in May after weeks of speculation. Bed Bath & Beyond isn't the only retailer closing stores amid the coronavirus. For example, J.C. Penney, Neiman Marcus and J. Westfield and Simon — two of the nation's largest mall owners — have also temporarily closed their properties this month. But in-person, indoor interaction is considered one of the riskiest activities during the pandemic – and thus many of those operations have been shut down for months, with little promise of reopening soon amid an outbreak in states like Texas, Arizona and Florida. We don’t know if it’s temporary for six, 12, 18 months or longer, but it is temporary,” Brown said.
Vous pouvez modifier vos choix à tout moment dans vos paramètres de vie privée. “How many is anybody’s guess, but we’re hoping it’s a minority.”, Bed Bath & Beyond store closings: Bed Bath announces plans to permanently close 200 stores over next two years. Is there a future for the traditional indoor shopping mall? About 1,880 stores have already closed this year, including 304 from nutritional supplements store GNC and 178 at stationery store Papyrus. More than 47,000 stores across the nation closed in 10 days, a Bloomberg analysis shows. “I'm not going to feel safe going into the theater or being around large crowds of people until the day those magic words that ‘there's a vaccine available and it's over’ are spoken,” Rusek said. The widening coronavirus pandemic could permanently shutter 15,000 stores across the U.S., according to a new analysis. “Real estate is real estate, so if you’ve got a good piece of land you can turn that into something totally different,” Kuiper said. Philadelphia resident Marta Rusek, 35, considers herself a lifelong mall shopper and before the pandemic was regularly going to the AMC movie theater at her local mall.
But their plans also include hundreds of store closures, including 242 planned by J.C. Penney alone, raising the prospect that malls throughout the country will be hollowed out in the coming months. Net sales from digital channels grew 82% with sales growth of more than 100% during April and May, the company said in July when reporting quarterly earnings. But he acknowledged that the pandemic will require malls to adapt their approach, especially because retail leasing is not expected to rebound quickly, even if a vaccine ultimately puts an end to the crisis. Many likely won't return because "the debilitating impact of the coronavirus on sales will likely quell hopes of survival," Weinswig and Gangadharan said.
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