Several stores have announced closures coming from now until the end of the year, and shoppers may have to adjust their expectations for their favorite fashion apparel brands.
Why It Matters
Many consumers have reined in their spending, and even top retailers have had to close underperforming stores or even file for bankruptcy.
The store closures may reflect the larger retail industry as acquisitions and bankruptcies continue to shape business profits.
What To Know
American Signature
Value City Furniture’s parent company, American Signature, filed for bankruptcy this month. The business has 1,000 creditors, over $100 million in assets, and over $500 million in liabilities. Already, American Signature has announced a spree of closures headed shoppers’ way.
While most stores and the brand’s website will stay open for now, four stores in Tennessee are closing and offering up to 20 to 40 percent off…