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Major department stores are filing for bankruptcy and closing hundreds of locations and as they struggle to adjust to dramatic drops in customer traffic as a result of the pandemic.
Just within the last three months, JCPenney, Neiman Marcus, and Lord & Taylor have all filed for bankruptcy.
These chains and several others — including Nordstrom, Sears, and Macy's — have also announced store closings.
Here's a list of all the major department stores announced for closure in 2020.
Nordstrom said in May that it planned to close 16 full-line department stores, which are the multifloor department stores that carry its entire assortment of products.
The company later said it would close three Jeffrey boutiques.
Here's the list of closing stores.
Lord & Taylor launched liquidation sales at 19 of its 38 stores in August as it filed for chapter 11 bankruptcy protection.
Liquidation sales at the remaining stores could soon be underway, as well, according to court documents.
Chief Restructuring Officer Ed Kremer said in a court declaration that Lord & Taylor is hoping to sell some of its most profitable stores through an auction process.
If a buyer is found for one or more stores, the company will stop liquidation sales at those locations.
Here's the list of Lord & Taylor stores where liquidation sales have begun:
Neiman Marcus said in June that it planned to close four department stores and 17 off-price Last Call stores. The company filed for bankruptcy in May.
Here's the list of closing department stores:
These are the Last Call stores that the company will close.
Sears said in November that it planned to close 96 stores in February of this year, including 51 Sears stores and 45 Kmart stores.
The closed stores include:
Sears:
Kmart:
Macy's plans to close 125 stores over the next three years and cut thousands of corporate jobs as part of a cost-savings plan, the company said in February.
Macy's hasn't released a complete list of stores that it plans to close. Earlier this year, however, the company identified the following 30 stores as closing:
JCPenney filed for bankruptcy in May and said it plans to eventually close about 30% of its 846 stores. Since then, the company has identified about 152 stores that it plans to close.
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