Overview
- More than 475 U.S. locations have closed or are slated to close in January across 43 states, including roughly 30–31 in New York.
- The latest round follows 590 U.S. closures in the prior fiscal year, with a December SEC filing signaling a plan for a significant number of additional exits.
- A separate filing described a targeted reduction of about 20% to 30% of the physical store base, according to reports citing the document.
- After January’s cuts, the footprint is expected to fall to well under 2,000 locations, down from a peak of more than 6,000 worldwide.
- Recent earnings showed net sales declining to $821 million year over year, while individual shutdowns have largely been verified via the company’s store locator and local reporting.