Eight retailers have announced store closures by April; check to see if your area is affected.

EIGHT stores across the country have announced they will be closing this month.

Hundreds of brick-and-mortar stores shut down in the past year, and more are expected to follow suit as this trend continues.

Some economists have labeled the current situation in retail as a “retail apocalypse,” citing falling customer demand as a direct result of record-high inflation.

Meanwhile, consumers are favoring the ease of online shopping over brick-and-mortar establishments, which are suffering from an oversupply of inventory and a lack of customers.

The U.S. Sun has compiled a list of all the shops in the United States that will be closing this April.

1. GAP

The parent company of Old Navy, Banana Republic, and Athleta has announced that it will be closing about 50 stores in the coming months.

The most recent quarter ended on January 28 with the company reporting net losses of $273 million, continuing a trend of low sales over the previous several months.

During the Covid-19 pandemic, Gap experienced shipping delays from manufacturers like many other businesses.

Due to the delay in production, many of these garments arrived too late in the season to be worn. After that, Gap began to have an abundance of stock on hand.

Despite the short-term setbacks, Gap has plans to expand its Old Navy and Athleta brands by opening around 30 new stores.

2. TUESDAY MORNING

After declaring bankruptcy, Tuesday Morning has announced the impending closure of hundreds of stores.

Since closing 263 stores, the home goods retailer plans to auction off more than 250 leases across the country.

Tuesday Morning, according to A&G senior managing director Todd Eyler, “is committed to optimize its store footprint and focus on its core markets” as part of the company’s restructuring.

Tuesday Morning will emerge from Chapter 11 with a profitable store fleet that serves its most engaged and loyal customers, according to the company’s new management team, who also believes that other measures being taken to improve operations will help.

However, executives have issued a warning that more stores are likely to close “if certain acceptable terms are not reached with the landlords.”

The closures will have the most severe effects on large population centers like Austin, Columbus, Raleigh, Las Vegas, San Diego, and Atlanta.

3. PARTY CITY

Party City has announced plans to close more than 20 stores as a result of filing for bankruptcy in January.

Within the next few weeks, the party supply store chain will liquidate 12 locations through auction, while closing 10 locations.

Party City, which relied on sales to events to make money, has seen sales drop since the pandemic.

Concurrently, the company’s financial situation deteriorated as a result of rising inflation.

4. BED BATH & BEYOND

On January 30th, Bed Bath & Beyond announced that, through April of this year, they would be closing an additional 87 stores.

More than a hundred locations of the well-known home goods retailer are being closed across the country.

Bed Bath & Beyond had a representative talk to The U.S. Sun, “We are taking steps to manage our business as efficiently as possible while we continue to work with our advisors to consider multiple paths.”

At least 120 of Bed Bath & Beyond’s 150 underperforming stores were slated to close last year.

5. MACY’S

Macy’s may be well-known, but the company is currently closing more than 120 stores.

In 2020, management revealed that over the following three years, 125 locations across the country would be closing.

As a result, 2,000 employees will lose their jobs.

6. JCPENNEY

In May of 2020, the well-known department store announced it would file for bankruptcy and close more than 800 locations.

Since 2010, the company had accumulated $4.5 billion in net losses, so this was a big deal.

There are currently only 670 JCPenney stores still open, and this spring the ones in Oswego, New York, and Elkhart, Indiana, will also be closing permanently.

7. AMAZON GO

Amazon Go will follow the trend of other grocery store closures on April 1 by closing six of its locations.

Two of these are in the Big Apple, and four are in the City by the Bay.

Not one, but two Amazon Go locations in Seattle said goodbye to their last customers earlier this year.

‘Like any physical retailer, we periodically assess our portfolio of stores and make optimization decisions along the way,’ the company said in a statement to Neowin.

We have more than 20 Amazon Go locations across the United States and will keep expanding the format as we learn which areas and amenities are most popular with shoppers.

Since January, when the company announced the termination of 18,000 jobs, it has been going through a period of transition.

8. STAPLES

On April 14th, a Staples store in Staten Island, New York, will close permanently.

There will be a 30% off final sale for in-store purchases made before the store closes.

Those who frequented the office supply shop in Donga Hills will have to travel to one of the two new Brooklyn locations.

Before the pandemic, Staples had already closed more than 200 stores in an effort to streamline its store network.

Staples saw a dramatic drop in revenue after the coronavirus forced people to work from home instead of their offices.

Another sign that the post-pandemic period has not been kind to office supply brick-and-mortar establishments is the closure this month of a Florida location by rival Office Depot.

Even big-box retailer Target is pulling the plug on a failing store.

While this is going on, an arts and crafts store has been placed on the bankruptcy watch list and is desperately trying to stay open.