closing

Papyrus Store Closing

(CNN) - A mall staple is going out of business. Papyrus, best known for selling stationery and upscale greeting cards is folding. Schurman fine paper, which owns the brand, filed for Chapter 11 bankruptcy on Thursday. It's closing all…

Sears, Kmart Closing More Stores

(CNN) - Sears, once the dominant big box retailer with thousands of stores, continues to shrink as it tries to emerge from bankruptcy. The company says it will get through the Christmas season, but expects to be forced to…

Fred's Discount Chain To Close All Stores

Memphis, TN (WREG) - After 72 years in business, Fred's is closing down. The discount retail chain filed for bankruptcy Monday. There are only about 300 Fred's locations still open. Liquidation sales will last for the next two months…

GNC To Close Up To 900 Stores

(CNN) - The vitamin and supplement store GNC has announced it will close up to 900 stores in mall locations. Officials confirmed the move Monday during a second-quarter earnings call with analyists. The company's chief financial officer said they…

IKEA Closing Its Only U.S. Factory

(CNN) - IKEA is shutting down its only furniture factory in the United States. The Swedish company will end production this December at its plant in Danville, Virginia. Operations will move to Europe, where the company says it can…

Pier 1 Imports Plans To Close More Stores

(CNN) - Things aren't getting any better for Pier 1 imports. The home decor and furniture store announced Thursday it's closing 12 more stores this year. In April, the company announced it was closing 45 locations. In the first…

Discount Chain Fred's Closing 104 More Stores

Memphis, TN (WREG) - Discount store chain Fred's is closing even more stores. The retailer announced Thursday it will shutter 104 more stores by the end of June. That's on top of the 159 stores it announced it is…

Payless Closing In March/16,000 To Lose Jobs

(CNN) - Payless Shoe Source filed for bankruptcy again Monday and this time, it's for real. The company is closing all 2,500 of its stores in the U.S. and Canada. That's going to put about 16,000 people out of…

J.C. Penney Announces Stores Closing In 2019

(CNN) J.C. Penney plans on doing some spring cleaning. The retailer announced Tuesday that it plans to close three of its stores this spring. More locations face having their doors permanently shut as well. The company says it will…

H&R Block Closing 400 Locations

(CNN) - H&R Block is closing 400 locations amid a lowered sales and profit outlook for the rest of 2018. The tax preparation service's CEO said Tuesday most of the locations that will close are smaller stores. The company's…