17 major retailers closing stores in 2017
As online shopping replaces traditional brick and mortar stores, many of America's top retailers are facing serious downsizing in 2017.
Ascena Retail Group, owner of Ann Taylor, Dress Barn, Loft, Lane Bryant, Justice, Maurices and Catherines stores, announced plans on June 10, 2017 to close at least 250 stores. The group of retailers could close up to 650 locations in 2017.Photo by: Scott Olson Crocs announced 160 stores, roughly 30 percent of the locations, will close by the end of 2018. Photo by: Scott Olson Purse and clothing retailer Michael Kors announced on May 31 plans to close at least 100 stores in the next two years. The cuts are expected to save the company $60 million a year.Photo by: Scott Olson Rue 21 announced on April 17 that it is closing some of its 700 stores. Some reports indicate that the retailer could close up to 400 locations by the end of 2017.Photo by: Scott Olson On April 7, electronics retailer hhgregg announced it is closing its remaining 220 locations after failing to find a buyer. The company began liquidizing on April 8.Photo by: Scott Olson As video games shift from traditional disks to digital downloads, companies such as Gamestop are experiencing a loss of revenue. The video game retailer announced in March it plans on closing 190 of its 6,600 locations in 2017.Photo by: Scott Olson In March, Radio Shack announced it is closing 552 stores, which marks more than one-third of the company's remaining locations.Photo by: Scott Olson JCPenney has been particuarly hard hit by recent retail trends. It announced in January to close 138 locations, marking more than 10 percent of the company's remaining stores. Photo by: Scott Olson Sears announced it is closing 109 Kmart locations and 41 Sears outlets in 2017. In 2015, the company shuttered 200 stores, followed by 78 in 2016.Photo by: Scott Olson Things have not been easy for Staples as the company took a more than $500 million loss in 2016. In response, the office supply chain said it is closing 70 of its nearly 1,600 locations by the end of 2017. Photo by: Scott Olson Popular retailer Gander Mountain said in March it is closing 32 locations as part of Chapter 11 bankruptcy. Photo by: Scott Olson The retailer announced in January that it is closing its remaining 110 locations, and is selling off its clothing line. (Photo by Scott Olson/Getty Images)Photo by: Scott Olson In January, Macy's announced it will close 68 stores by the end of 2017; most of the closures coming by June. (Photo by Scott Olson/Getty Images)Photo by: Scott Olson Abercrombie and Fitch was once one of the most popular fashion stores in America, but has closed nearly 200 locations in the last four years. (Photo by Scott Olson/Getty Images)Photo by: Scott Olson Women's fashion store Wet Seal announced in January that it would close its remaining 171 locations nationwide by the end of 2017. (Photo by Scott Olson/Getty Images)Photo by: Scott Olson Payless ShoeSource announced on April 4 plans to close 400 stores. (Photo by Scott Olson/Getty Images)Photo by: Scott Olson Bebe, a women's clothing retailer, is closing all its stores in May 2017. Bebe had 168 stores in the U.S. and Canada.Photo by: Robert Mora