The US retail market took a beating in 2024, with year-end figures showing an alarming spike in store closures across the ...

“Retailers announced more U.S. store closures than openings in 2024, according to data firm Coresight Research, reversing a ...

At least 19 companies have cut a combined 14,000 jobs because of bankruptcies, according to Challenger, Gray & Christmas, an ...

After news of nationwide closures, the discount retail chain 'Big Lots' reached a deal that will allow hundreds of stores to ...

Days before Christmas, a nationwide seller of Santa hats, ugly sweaters, noisemakers, candy and other holiday goods announced ...

The sputtering U.S. housing market is in turn hurting businesses that depend on Americans spending to furnish their new homes, The Wall Street Journal reports. Retail store closures outpaced store ...

Leases for four Party City stores in Central Ohio will hit the auction block after the New Jersey retailer announced plans to ...

Under the transaction, Variety Wholesalers would acquire at least 200 stores and up to two distribution centers, saving jobs in the process.

Some bankruptcies and closures hit hard, from restaurants and bakeries to a wedding venue and a women's clothing store.

Big Lots, LLC, which is based in Columbus, Ohio, announced that it has found a buyer to acquire its stores, distribution centers and intellectual property to transfer to other retailers.

These retail stores and restaurant chains might not be around next holiday season. See which chains filed for bankruptcy or ...

An announcement Friday comes after Big Lots filed for bankruptcy in September and the fall-through of a previous merger plan.