Charlotte Russe

Charlotte Russe has been around since the 1970s and has been supplying women with some of the most trendy clothes over the years. The company was founded in California and had several locations across the country until recently.

In 2019, the company announced that it would be closing down all of its 500 stores as the company was going under. Now, there are no Charlotte Russe stores open, and the company has even closed down its website, which was keeping the company alive. This is just another company that has become a victim of the pandemic and economy.

 

Destination Maternity

Destination Maternity is a retail store specializing in maternity apparel and was one of the leading companies in the industry. The company was founded in 1982 and became an ultimate hit as there was a need for maternity apparel at the time.

After the pandemic, Destination Maternity announced that it would be closing down all of its stores by the end of 2021. Now, the company only operates online and is hoping that it can eventually open a couple of smaller stores in the future, but it seems very unlikely. Who knows what the future of Destination Maternity will be?

Starbucks

Starbucks has been around since the 1970s and has been serving not only Americans but people all over the world with hot and cold coffee. It is hard to believe that Starbucks has been struggling recently, but the rumors are confirmed as the company announced that it would be closing down around 150 stores that were not doing well.

Although Starbucks is the most popular coffee shop in the world, it still had trouble making money during and after the pandemic. It is unlikely that Starbucks will go under, but you never know with this economy.

Christopher & Banks

Christopher Banks saw a steady decline in sales after the pandemic and knew that it needed to rethink its business strategy. Now, the company is focusing on online sales and wants to eventually close down all of its stores by the end of 2023.

So there will probably be some massive sales once these stores close. And the customers can enjoy their collection in peace one last time.

Foot Locker

Foot Locker was one of the most popular footwear retailers in America and has seen better days as the company recently announced that it would be closing most of its stores by the end of 2022. Foot Locker wants to focus on online sales to keep the company alive.

There aren’t many Foot Locker stores left around the country, but the company has shifted its resources to online sales. Only time will tell if this company will survive, but it is unlikely as there are several companies in the same situation.

J. Crew

J. Crew has been around since the 1980s and was one of the biggest clothing retailers for years until recently. In 2020, the company announced that it would be closing down six stores which it ended up doing. The following year, J. Crew closed down 30 more stores and planned to close down more this year.

The company is looking to save as much money as it can to survive, but it is unsure it can last in this economy. This is the sad truth for most retail companies around the world as several haven’t been able to make enough money to get by.