A Famous Clothing Brand Is Now Closing in Washington
A famous clothing brand is now closing in Washington at a popular mall location due the continuous aftermath of the pandemic.
On April 21, Lululemon Athletica will shut down in Seattle, Washington, per The Seattle Times.
It will specifically be the store in Pacific Place downtown, a popular mall for local shoppers.
Pacific Place has reportedly suffered since the height of the coronavirus pandemic in 2020, seeing fewer customers than ever before.
Lululemon was directly affected by the decrease in foot traffic and will seemingly be vacating the location as a result.
Avison Young, the owner of Pacific Place, called the Lululemon closure “unfortunate.”
The exact reasoning behind the closure is unclear, as the company has not issued an official statement.
It also did not respond to request for comment from The Seattle Times.
Fans of the brand should have no fear even amid the closure, reports The-Sun.
Lululemon still has another location in downtown Seattle near University Village and eight other locations across Washington.
Fitness enthusiasts can still get what they need — but they may have to travel a bit farther than they used to.
Still, the shutdown is likely a shock for shoppers in the city, who recently saw another major retailer leave in the past few weeks.
Seattle’s Capitol Hill neighborhood watched earlier this month as an Amazon Fresh brick-and-mortar grocery store left for good.
Known as Pike Street Fresh, it’s last day open was April 7.
Shoppers who took advantage saw liquidation sales as high as 75% off.
Amazon confirmed that the closure was a result of its focus shifting to “larger-format” locations and leaving “smaller-format” stores like Pike Place Fresh behind.
“Over the last year, we’ve redesigned a number of our full-sized Amazon Fresh stores, offering a better overall shopping experience by bringing in an expanded selection,” spokesperson Jessica Martin told The Seattle Times.
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Also Read: A Massive Grocery Brand Now Files For Chapter 11 Bankruptcy
Other Economy News Today
Shoppers now mourn the loss of a massive discount retailer of the the company announced that it would be closing all 371 of its stores.
99 Cents Only customers are begging for their favorite store to stay open despite plans for all locations to shutter, reports The-Sun.
The discount chain filed for bankruptcy last week, but an industry veteran is interested in saving some stores.
99 Cents Only stores across the south-western states are preparing to close down due to bankruptcy, but shoppers are not happy.
“This needs to stay open,” a loyal customer told the Los Angeles Times.
“I make OK money, and buying here helps me. But imagine if you’re on WIC? If you’re on Social Security?
“You need a place like this. Are people now supposed to go to Ralphs? Or Target? With what money?”
Another customer told the LA Times that the affordable prices of 99 Cents Only had helped keep her family afloat.
“I could buy toys for my younger kids, my older kids could get pens for school, and I could do groceries for all of us. And the prices, of course.”
“Well, everything is more expensive nowadays, so I guess this had to end,” she added.
99 Cents Only filed for Chapter 11 bankruptcy protection Sunday, April 7.
In a statement, the company said inflation had made it business model unsustainable.
The company’s Interim Chief Executive Officer Mike Simoncic remarked on the announcement, stating the following:
“The last several years have presented significant and lasting challenges in the retail environment, including the unprecedented impact of the COVID-19 pandemic, shifting consumer demand, rising levels of shrink, persistent inflationary pressures and other macroeconomic headwinds.”
99 Cents Only has 371 locations spread across California, Arizona, Nevada, and Texas.
Since its first store opened in 1982 in Los Angeles, it has served as a local rival to Dollar Tree and Dollar General.
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Also Read: A Massive Bank Is Now Closing Nine More Locations
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