LONDON, UNITED KINGDOM – 2019/12/21: Another store has final clearance and closing sale signs up as … [+]
SOPA Images/LightRocket via Getty Images
Well folks, 2019 is winding down. As we close out this year (and this decade) there are a few stories that have shaped retail and set the overall tone and narrative concerning the space. Sadly, much of that narrative and tone includes the ever-increasing news of shops shuttering and bricks-and-mortar suffering under new shopper demands and trends. In the suburbs where I often drive, nothing is sadder than passing by the shell of a former bright retail space with its lights on out front and nothing going on inside.
Here are four highlights from the strip mall:
preparations for autumn craft with kids. Herbarium from dried leaves. Learning children at home, … [+]
We may live in a Pinterest loving world, but even that couldn’t bolster A.C. Moore, a destination for arts and crafts enthusiasts. The mostly east coast based shop enjoyed 34 years as a retailer to DIYers and crafters alike. In November, Nicole Crafts, the parent company to A.C. Moore, announced the closure of all 145 of its stores. “Unfortunately, given the headwinds facing many retailers in today’s environment, it made it very difficult for us to operate and compete on a National level,” said A.C. Moore CEO Anthony Piperno, in a press release. A.C. Moore also said that 40 of its stores would be acquired by Michael’s, its former rival arts and crafts store.
PARK CITY, UT – MARCH 23: A view of the Charming Charlie booth during the Operation Smile 8th Annual … [+]
Getty Images for Operation Smile
Could there be anything better than a store that touts a rainbow of accessories for days? Charming Charlie, once the home to acres of accessories, sought to find that out. Charming Charlie traced its roots 2004 in Houston, Texas. The store’s goal was to provide affordable accessories in every style, color, and material the imagination could muster. At its closing announcement this past summer, Charming Charlie had a reported 261 stores operating in 38 states. But Charming Charlie stayed true to its roots and in tandem with the announcement of its transition, it also encouraged shoppers to get on it and take advantage of the new discounts on its already affordable merch.
EL CERRITO, CALIFORNIA – MAY 21: An exterior view of a DressBarn store on May 21, 2019 in El … [+]
Not so long ago, Dressbarn seemed to be heading toward a new era when it doubled down by refusing to change its name to something more “modern” and upping its glam game courtesy of eye catching attire in photo shoots by Demarchelier. The women’s apparel retailer, started in Stamford, CT in 1962, with the goal of outfitting modern women as they increasingly joined the growing workforce. Dressbarn debuted on the Nasdaq in 1982, and all told, it grew into ownership that included known brands such as Justice, Lane Bryant, Catherines, and Ann Inc., the parent company to Ann Taylor and Loft. In 2011, it reorganized with the moniker Ascena Retail Group. As retail took a hit on the consumer side, Ascena felt the slap as well, and announced plans to trim its portfolio by closing all of its 650 Dressbarn stores. One bright spot for fans of the store is that plans to keep the brand online are underway.
NEW YORK, NY – MARCH 07: A Charlotte Russe store displays liquidation signs in the window near … [+]
Known for its fun, splashy apparel, Charlotte Russe was THE place where shoppers could once turn to if they wanted to get away with those daytime into evening looks without breaking the bank. Founded in San Diego in 1975 by brother trio Frank, Daniel, and Larry Lawrence, Charlotte Russe eventually changed hands and grew in popularity over the late 1990s-2000s. During that time period, the store could be found in malls across the country, including the Manhattan Mall in New York City’s Herald Square. Alas, the times changed and on February 4, the company announced a Chapter 11 filing that included store closings and restructuring. A few weeks later, Charlotte Russe said it would close all of its remaining stores to the tune of 416 locations in 44 states and Puerto Rico. One possible silver lining has surfaced since then, after Toronto-based YM Inc bought the company and announced plans to reopen around 100 locations.