Between the $16.00 statewide minimum wage and the high cost of maintaining “legacy” square footage, several household names are finishing their final “everything must go” sales this month. From the total disappearance of a discount icon to the pruning of iconic department stores, here are the 5 major retail chains closing doors in New York this March.
1. Big Lots (Final Liquidation of 49 Leases)
In the most significant blow to New York’s discount retail sector, the Columbus-based Big Lots is entering its final stage of total liquidation across the state. After failing to find a viable buyer in late 2025, the company shifted from a “restructuring” to a…..