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Saturday, December 21, 2019

Retail store closings 2019: The list of chains that closed stores this year - NJ.com

With consumers doing more and more online shopping, e-commerce sales continue to boom while brick-and-mortar stores continue to get crushed.

The retail apocalypse hit hard again in 2019.

Nationwide, many companies closed stores and filed for bankruptcy. Here is a list of the retailers that said goodbye to some or all stores in 2019, with the New Jersey locations that were impacted.

Acme

Supermarket chain Acme closed its stores in Woodcliff Lake, Elmwood Park and Weehawken this fall, along with one store in Scarsdale, New York.

There are currently 73 Acme stores in New Jersey.

A.C. Moore

A.C. Moore

Berlin-based arts and crafts retailer A.C. Moore is closing all 140 of its stores, including 18 New Jersey locations. It hasn’t yet been announced when store closures will begin, but 40 locations will be acquired by Michaels.

Avenue

Rochelle-based women’s wear brand Avenue closed all 222 stores, including 17 in New Jersey.

Bed Bath & Beyond

Union-based home goods retailer Bed Bath & Beyond will shutter 40 of its stores, interim CEO Mary Winston said in a quarterly earnings call.

Most of the store closings are expected to happen in early 2020. It is not known how many New Jersey locations will close, although the Sewell store at 141 Tuckahoe Rd. is shuttering soon, according to a report on 42Freeway.com.

Company officials said also closing are 20 concept stores, which include Harmon Face Values, buybuy Baby and World Market.

Destination Maternity

Maternity wear retailer Destination Maternity filed for Chapter 11 bankruptcy in October. The Moorestown-based retailer had $260 million in assets and $244 million of debt, according to its bankruptcy filling.

Destination Maternity was delisted from the Nasdaq Stock Market on Nov. 18, and the company was acquired by Marquee Brands in December. It is not yet known whether any or all Destination Maternity brick-and-mortar stores will close.

Dressbarn

Mahwah-based retailer Dressbarn is expected to close all of its 544 stores by Dec. 26 or until merchandise lasts. All products are discounted up to 50% off. Liquidation sales begun in November.

Family Dollar

Dollar Tree, which owns Family Dollar, will close 143 Family Dollar stores nationally by the end of 2019. Two stores in New Jersey are affected — one in Bridgeton at 19 Shiloh Pike and one in Pennsville at 180 South Broadway.

Forever 21

Forever 21

(Emily Zoladz/MLive.com)

Popular fashion retailer Forever 21 is planning to close up to 178 U.S. stores after filing for Chapter 11 bankruptcy in September. There are currently six Forever 21 stores in New Jersey that are at risk of closing.

Forever 21 said in a letter to its customers that its bankruptcy filing doesn’t mean the company is going out of business.

Gymboree

Gymboree filed for Chapter 11 bankruptcy twice — once in 2017 and again in 2019 — and closed all of its stores in 2019. Gymboree’s former rival The Children’s Place acquired the shuttered children’s brand and announced in October that Gymboree will be revived in Spring 2020.

J.C. Penney

Department store chain J.C. Penney closed its Mays Landing store in Hamilton Mall in July. There are now only 11 J.C. Penney locations left in New Jersey.

Kmart

Kmart

Kmart announced earlier this year stores in Hamilton, Wayne, Wall and Somers Point were all expected to close this month.

Transformco, which purchased the assets of Kmart (and Sears), will close the West Orange store in February 2020.

Lord & Taylor

A Lord & Taylor at the Woodbridge Center Mall plans to close on Christmas Eve, while the Moorestown Mall store has begun liquidation sales as a precursor to closing. An official closing date has not yet been announced.

There are currently nine Lord & Taylor locations in New Jersey. Hudson’s Bay Company sold Lord & Taylor in late August for $75 million to Le Tote, Inc., a San Francisco-based clothing subscription service.

Mandee

Totowa-based discount women’s wear brand Mandee is closing its Howell store at the Aldrich Plaza on Jan. 31, a Mandee store manager told NJ Advance Media. Products are up to 75% off, with prices dropping even more during its final weeks of business.

There will be just three Mandee locations left in New Jersey: Howell, Tinton Falls and East Brunswick.

Neiman Marcus

A Neiman Marcus Last Call outlet store at the The Mills at Jersey Gardens in Elizabeth permanently closed on Nov. 16, leaving just one other Nieman Marcus Last Call outlet store in New Jersey, at the Bergen Town Center in Paramus.

There are two Neiman Marcus stores, one in Short Hills and one in Paramus. Neiman Marcus recently cut jobs from its corporate team to focus on growth, according to a report from Retail Dive.

New York & Company

New York & Company plans to close 19 stores, four Fashion to Figure stores, and four of its outlet stores. It has not yet been announced which stores are closing or when.

Payless ShoeSource

Discount-shoe chain Payless ShoeSource closed all 2,300 stores after declaring Chapter 11 bankruptcy a second time in 2019. The first bankruptcy filing was in 2017.

Pier 1 Imports

Pier 1 Imports

SYR

(Donna McWilliam/AP Photo)

Pier 1 Imports will close 70 stores before the end of the fiscal year and that number could grow, the company’s interim CEO said.

There are currently 29 Pier 1 Imports stores in New Jersey. It is unknown which stores are at risk, but when asked in September if specific New Jersey stores are closing, a spokesperson did not return the request for comment.

Sears

Sears will close its Freehold Raceway Mall store in mid-February. Sears at the Willowbrook Mall in Wayne also closed in September.

The struggling company filed for Chapter 11 bankruptcy in October 2018, and there are currently just a handful of Sears stores left in New Jersey, including outlets.

Things Remembered

Things Remembered filed for Chapter 11 bankruptcy Feb. 6 and agreed to sell most of its business to Enesco, a global leader in the giftware, home décor, and accessories industries, according to a statement. There are currently 10 stores in New Jersey.

Walgreens

Walgreens

AP

(Gene J. Puskar/AP Photo)

Walgreens will close about 200 U.S stores, the company announced in an SEC filing over the summer. There are currently 99 Walgreens locations in New Jersey, but the filing did not say which stores, if any, will close.

Z Gallerie

Home decor retailer Z Gallerie filed for Chapter 11 bankruptcy on March 11, according to a statement. As part of its restructuring process, 15 stores closed. There is one Z Gallerie store in Paramus located at 772 Route 17 North. It’s unknown whether that store will be affected.

Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips

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