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Daily Mail
18-07-2025
- Business
- Daily Mail
Bargain store staple set to close more stores as it launches 50% off sales amid retail apocalypse
Shoppers are rushing to a Goodwill Store & Donation Center in Tennessee before it closes its doors for good. Memphis Goodwill Inc. has decided to shutter the store located off the Austin Peay Highway on August 2. The location has begun liquidation sales and is offering up to 50 percent off all clearance items until July 26. The chain is not planning to offer special discounts on any of its new items. The company thanked its customers for their patronage at the Austin Peay store in a statement last week. 'Your generosity has truly changed lives in our community,' the company wrote. They concluded their statement by suggesting shoppers visit their stores in Millington and Stage for any 'future needs.' The news of the Goodwill shutter comes in the midst of a growing retail apocalypse, which is forecast to result in 15,000 store closures across the US this year. Goodwill, which was established in 1902, is a thrift store which sells donated clothing and household items. The retailer operates over 3,000 stores in North America. Despite surviving inflation and price hikes from tariffs, the chain has been closing several stores, including 13 locations in California. 'It became necessary to close a few store locations due to their size and operational limitations where store revenues were not enough to cover operational and personnel costs,' said Goodwill spokesperson Rodney Scearce. Goodwill's closure amount is nowhere near the number of Family Dollar and 99 Cents Only locations that have shuttered in recent years, however. Family Dollar closed around 600 stores in the first of 2024, some of nearly 1,000 locations the chain plans to shutter for store updates. Customers expressed concern that the store could also close more locations after Dollar Tree agreed to sell it to investors for $1 billion in a deal that was finalized earlier this month. Discount variety stores are not the only crumbling businesses. Retailers known for attire like Macy's and Torrid have been struggling amid mass closures. Macy's is finishing up the first 66 of its planned 150 store shutters later this year. While Macy's closures are mainly for restructuring and to get finances back on track, Torrid is closing up to 180 locations as a way to help it become a 'more digitally-led business.' Store closures have continued to gather pace and remain on track to far surpass the number of stores that shut down last year. 5,822 stores closed in the first half of the year alone, a new report from Coresight Research revealed. By comparison, 7,325 brick-and-mortar stores were closed in the whole of last year. Coresight predicted that as many as 15,000 stores would shut up shop in 2025.
Yahoo
21-04-2025
- Business
- Yahoo
More Bay Area Goodwill locations close, more layoffs
(KRON) — Goodwill recently closed four Bay Area retail stores, six donation sites, and will also close two regional headquarters and an Oakland warehouse, the organization told KRON4. Goodwill stores recently closed in Vacaville, Vallejo, Benicia and Hayward. Donation sites were closed in San Francisco's Marina District, Walnut Creek, Moraga, Redwood City, Mill Valley and Westborough. GoFundMe pages made for families affected by deadly Marin County crash In April, 90 Goodwill employees were laid off after the closure of two Bay Area locations. More employees were laid off as a result of the latest closures, San Francisco Bay Area Goodwill spokesperson Rodney Scearce told KRON4. 'These updates are intended to serve the local community more efficiently,' Scearce said. 'However, some staff reductions have occurred as a result. We are grateful for the support of our local team members at these locations and have extended them the opportunity to apply for roles at alternate locations.' Hundreds of promethazine bottles found in San Pablo car Scearce said that the closed locations weren't burning in enough money to cover business expenses. The organization said it plans to open new Bay Area stores in the future. 'While never an easy decision, it became necessary to close a few store locations due to their size and operational limitations where store revenues were not enough to cover operational and personnel costs,' he said. 'Our goal in the coming months and years is to open new locations in the Bay Area that are larger and financially more sustainable.' A map of all Bay Area Goodwill locations is available online. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
