Since 2018 I have been studying Retail Business in America and study into this formats have given me a surprise, shutting down businesses, closing down the stores, these were the Retail Giants once upon a time stood as an example of creating destinations for Retail. Back in India their so many Retail Pundits started implementing their way of doing business in the sub-continent, let’s see the incite of the collapse of Best Brands sustained for more than 100 years. According to “Beach Raider” With the rise of the e-commerce industry came the downfall of traditional physical stores. There have been plenty of closures among national and international brands, including department stores as of late. Over the past several years, a lot of retailers have shut down their brick-and-mortar stores at unprecedented rates. Sadly, the trend is expected to go up further in 2020. This covers all businesses from electronic stores to clothing lines to home goods! The stores on this list are all due to close some or all of their stores before the year comes to a close.

1. Payless, Shoesource,

The company plans to close more than 2,500 stores and hold clearance sales to do away with their goods and liquidate their stores.

2. Gymboree,

Gymboree Group Inc is a children’s clothes retailer that filed for bankruptcy protection in mid January. They also made announcements about closing around 800 Gymboree and Crazy 8 stores across the United States and Canada. It has suspended online transactions and started liquidation sales in the stores as well. This is actually the second time that Gymboree has filed for bankruptcy in the span of two years.

3. Charlotte Russe

In March 2019, Charlotte Russe has confirmed that the entire chain is going to shut down. Yes, it covers more than 500 stores across the nation. The company made an earlier announcement about the closure of 94 stores. The other ones closed down by April 30, 2019. The company already stopped online transactions, but it is still possible to buy products in the liquidation sales going on in specific locations.

4. Shopko

Shopko first made an announcement about its plan to shut down 70 percent of stores by May 2019. However, they later changed their plans and intended to close all the stores permanently. In January 2019, Shopko applied for bankruptcy and hoped that a buyer could help it out of this mess. Sadly, it failed to get a buyer and tried to liquidate all its merchandise. It closed all locations by June 2019.

5. Gap

In the following two years, Gap is planning to shutter 230 stores, which is about half of its total locations all over the world. The company is planning to rebrand Old Navy, its sister company, as a totally separate business. They want to do this because Old Navy has outdone both Gap and Banana Republic when it comes to sales. The stores that remain in operation, including Hill City, Banana Republic, Gap, Athleta, and Intermix are going to stay open under the new name NewCo.

6. H&M

There is a chance that H&M will no longer be a mall staple after this year. It is planning to shut down 160 stores over the course of the year to optimize business. The decision was made because it was struggling in the American market. On the bright side, H&M is seeing steady growth abroad. With this in mind, the company is planning to open 355 stores in 2020. Even if this is true, the location of these new stores will primarily be outside of Europe and the United States.

7. Starbucks

In the summer of Starbucks announced that it will permanently shut down 150 underperforming stores. This is thrice the number that it normally closes during a fiscal year. The company, however, said that the closures will affect big cities with oversaturated markets. In those places, the coffee chain branches are just competing against one another.

8. The Children’s Place

By 2020, the Children’s Place initially planned to shutter 300 stores that were not performing very well. Forbes said that the children’s goods retailer already shut down 191 stores before the end of 2018 and still had plans to close more than 100 stores. The company is planning to invest a lot to boost its online presence in the hopes of increasing its profits.

9. Performance Bicycle

If you are a cycling enthusiast, we have bad news for you. The biggest bike retailer in the country has shut down its operations. The last of its 104 locations shut down on March 2. Advanced Sports Enterprises applied for bankruptcy last fall. In the beginning, it hoped to save at least half of its locations by trying to renegotiate the leases. Sadly, it had no choice but to fold and close the company.

10. Sears

In 2018, Sears Holdings, which owns both Sears and Kmart, announced that it will close about 89 stores as of March 2019. They published a list of stores that they planned to shut down. It revealed that locations across the United States would be affected. Texas and Florida, however, felt the impact the most since 7 stores were closed in these two states.

11. Lowe’s

Lowe’s is a famous retailer of home and garden supplies. The company has shut down 51 stores already, and they were all underperforming. The closures happened in 2019. It shut down 20 stores in the US and 31 in Canada. The company announced these plans at the end of 2018 and planned to complete the store closures by February 1, 2020. The move to shut down stores happened when longtime CEO Robert Niblock retired and got replaced by former J.C. Penney CEO Marvin R. Ellison.

12. Vera Bradley

Vera Bradley is rethinking its business operations by focusing on licensing and foregoing actual brick-and-mortar shops. The brand is thinking of selling home merch through retail chains such as Bed Bath and Beyond and Macy’s. It is also planning to shut down as much as 50 stores out of 110 by 2021. That is when many of the leases are due to expire. However, it is still possible to visit a physical store since 52 Vera Bradley factory outlets remain in operation.

13. Abercrombie & Fitch

Abercrombie & Fitch made the announcement that it was going to close 40 stores by February 2020. Nearly all of them were based in the United States. This number is a little more than the over 29 stores that it shut down in 2018. It is pretty bad. According to reports by Business Insider, the company spokesperson claimed that it is investing in the stores still in operation by “delivering approximately 85 new experiences, including 40 new stores, with continued reduction in overall square footage.”

14. Christopher & Banks

In late 2018, Christopher & Banks revealed that it was planning to close 30 to 40 stores until 2020. This does not, however, mean that the sales of the company are going downhill. The e-commerce business of the company has experienced an increase. On top of that, it is expected to go up some more this year!

15. Victoria’s Secret

Victoria’s Secret closed 30 stores in 2018. It planned to shut down even more stores than. Its parent company is called L Brand. In February 2019, it announced that it will close 53 more stores of the lingerie and women’s wear retailer. The closures make up about 4 percent of its 1,143 stores across the globe.

16. Henri Bendel

In early 2020, Henri Bendel shut down all of its 24 stores across the nation. In the fall of 2018, the parent company L Brands announced that the entire brand, including its website and famous Fifth Avenue location, would be shut down. The company made the decision to focus on other brands that have higher potential such as Victoria’s Secret and Bath & Body Works.

17. Chico’s

Over the next 3 years, Chico’s FAS will shut down 250 stores. It is the parent company of Chico’s, the womenswear chain retailer. The stores affected by the closure include the namesake brand and two other brands: White House Black Market and Soma. The company has not yet confirmed which locations are going to cease operations, however

18. J.C. Penney

J.C. Penney was a mall staple for several years, although it has also suffered a decline in its sales over the past several months. It dealt with a dry spell in the holiday season and saw a decrease in stock value. These things made the company announce the closure of 18 department stores in 2020. Not only that, but it is also planning to shut down 9 furniture stores. This means that it will close a total of 27 locations

19. Destination Maternity

Destination Maternity Corp. plans to focus less on its retail presence so that it can revitalize the company and boost e-commerce sales instead. About 42 to 67 stores would be affected by the store closures that they are rolling out within the year. They did this in the hopes of reducing store expenses and expanding their online presence. According to USA Today, the company is also planning to open smaller locations “with reduced square footage to drive higher productivity.”

20. Beauty Brands

Beauty Brands let the world know that it was going to shut down 25 stores in 2018. In January of that year, the company filed for bankruptcy and reduced its corporate staff. During its application for bankruptcy, it said that the company was suffering from an increased operating cost since it was “a predominantly brick and mortar retailer.”

21. Things Remembered

After Things Remembered applied for Chapter 11 bankruptcy in February 2019, it found a buyer that helped save a number of stores. Enesco LLC purchased 176 locations from the retailer specializing in personalized items and engraved products. Even so, it was only able to save a small part. At the time of the bankruptcy filing, the company had 450 stores. This meant that 250 stores are due to be shut down.

22. Southeastern Grocers

Supermarkets are also experiencing sales challenges. Southeastern Grocers, which is in charge of markets like Winn-Dixie, Bi-Lo, and Harvey’s, made the announcement that they would shut down 22 stores by March 25, 2019. This decision came less than one year after it recovered from its Chapter 11 bankruptcy filing. During that time, the company had to close 94 stores. Among the three brands it owns, BI-LO is the one that is set to suffer the most since 13 locations are going to cease operation.

There are more than 58 brands will be exiting the Retail Business, to recover this markets will take at least another 5yrs were in good policy makers ,; with great leadership qualities required to get the economy back to into action. in coming years America will face greater challenges in retaining people who have contributed to there economy and innovation. India is going to witness great opportunity of all round growth in every sector, skills will play a vital role in writing the success story of modern India.