Walgreens revealed the store it is closing on Chicago’s South Side lost more than $1 million last year due to high theft rates and declining prescription sales. Fox 32 Chicago reports executives from the pharmacy chain met with residents to explain their decision to...
Grocery Outlet Holding Corp. (NASDAQ: GO), the Emeryville, California-based parent company of the Grocery Outlet chain of bargain-priced supermarkets, announced it is closing 36 stores following dismal fourth quarter earnings that resulted in a roughly $235 million...
Amazon.com Inc. (NASDAQ: AMZN) announced it is shutting down its Amazon Fresh and Amazon Go grocery stores while focusing on the expansion of its Whole Foods Market locations. The company operates a total of 72 Fresh and Go stores, with most being scheduled for...
Saks Fifth Avenue has become the latest major retailer to announce its departure from San Francisco’s Union Square after nearly 45 years at the location. According to combined media reports, the retailer’s five-floor store will close on May 10, less than a year after...
Japan’s Seven & i Holdings (OTCMKTS: SVNDY) announced plans to close 444 of its 7-Eleven in North America, citing underperformance by the convenience store chain. C-Store Dive reported the company also agreed to offload an undisclosed number of properties in North...
China’s Property Investment Plunges 20.6% as Housing Crisis Deepens
