A massive home improvement store is now closing in Texas while it simultaneously shuts down other major locations nationwide.
TJ Maxx rival Conn’s HomePlus has announced that it will shutter a major location in the state of Texas.
The furniture and appliances store has put up large closing signs at three locations.
One major store is set to shut down in Wichita Falls, Texas, next to the Oklahoma state border, according to Texoma’s Homepage.
This 40,000-square-foot location originally opened in August 2020.
The other stores will close in Louisiana.
One of these locations is at a mall in Slidell, Louisianna, around 30 miles north of New Orleans, according to Nola.com.
This store also opened in 2020.
Some people shared their surprise at the news in the comments of a Facebook post.
“Wow. They weren’t open long,” one person wrote.
Another commenter noted that this was another example of the so-called retail apocalypse.
“Brick and Mortar stores are a thing of the past,” they wrote.
The retail apocalypse has referred to the growing number of stores that have closed their physical locations across the country.
Conn’s was also been affected by this and has reportedly considered filing for Chapter 11 bankruptcy, according to Nola.com.
The Texas-based chain has 199 locations across 15 states, according to ScrapeHero.
Conn’s is also reportedly set to close a store in Baton Rouge, Louisiana, according to The Advocate.
The company has not shared the closing dates for these branches.
However, this chain is not the only one closing stores across the country.
The grocery chain Big Lots has also confirmed it will shut up to 40 stores this year.
In June, the company confirmed 35 to 40 of its 1,389 locations will close down indefinitely.
Executives at the chain blamed the economy and inflation for these changes.
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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois
Other Economy News Today
A beloved grocery chain now confirms unexpected closures across the Northeast taking place by the end of the year.
Grocery chain Stop & Shop has announced that a total of 32 underperforming locations will shutter in the U.S.
The company said the select stores across the Northeast will be closed before the end of the year.
Stores in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island will close by November 2.
In May, the company announced the coming store closures.
“Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” company president Gordon Reid said, per a July 12 press release.
The company’s president added that the closures were essential “to create a healthy base for the future growth of our brand.”
Fortunately, employees will be offered other positions within the company, according to a press release.
The grocery outlet first opened in 2014 and currently has around 400 stores and 60,000 employees, per Fox affiliate KRLD.
Stop & Shop is owned by Ahold Delhaize which also owns Food Lion, Giant Food, and Hannaford.
Which grocery stores are closing?
In New Jersey, 10 locations will close, while only seven will close in New York.
Rhode Island will see two closures and Massachusetts, the home of the first location, will be closing eight.
Five stores will also be closing in Connecticut.
As other chains such as Walmart and Amazon join the grocery business, it has pushed traditional grocery stores out of view, reports The-Sun.
Stop & Shop hopes the closure of underperforming stores will create “future growth” for the company.
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