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Home/Banking News/A Massive Sports Retailer Is Now Leaving A Major Mall
Market News Today - A Massive Sports Retailer Is Now Leaving A Major Mall

A Massive Sports Retailer Is Now Leaving A Major Mall

By Frank Nez
March 22, 2024
2

A massive sports retailer is now leaving a major mall for good in just a few weeks and customers are inquiring if there will be a sale.

Dick’s Sporting Goods is due to vacate its location at the Meriden Mall in Meriden, Connecticut, around 20 miles south of Hartford.

A sign was posted outside of the store which confirmed the closing date would be April 20th, according to The Connecticut Scoop.

“We are closing,” the small notice wrote.

The note also added that it would just be the Meriden Mall location that would close and not other stores.

“Please shop at these nearby locations for all your sporting goods needs or visit Dicks.com,” the sign added.

This longtime location opened at the mall in 2005.

The economic development director for Meriden, Joseph Feest, said he was upset to hear the news.

“I’m disappointed they are leaving because they have been a staple at the mall for many years,” Feest wrote.

“I’m sorry to see them go.”

Locals and shoppers shared their thoughts on the news, including hopes for some possible discounts, under a Facebook post.

“They gonna do a clearance?” one person asked.

“If boys need stuff maybe there will be good sales,” another commenter wrote.

Other people shared why they would miss the location.

“It was so convenient, I’m so sad!!!!” one person commented.

This closure will leave just one remaining anchor store at the mall.

The retail space has faced large changes in recent years with the closing of its Macy’s, JCPenney, and Sears anchor stores.

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Also Read: A New Wave of Unexpected Layoffs Now Hits Georgia

Other Economy News Today

Market News Today - A Massive Sports Retailer Is Now Leaving A Major Mall.
Market News Today – A Massive Sports Retailer Is Now Leaving A Major Mall.

A beloved makeup company now makes an unexpected closure as its lease ends, with loyal customers blaming the city.

An Ulta Beauty located in downtown Naperville – around 30 miles west of downtown Chicago, Illinois – is set to close on March 30.

The store, located at 103 South Washington Street, is closing because its lease is expiring, an Ulta spokesperson confirmed to the Daily Herald.

However, there is different speculation about why the makeup chain is closing.

Naperville Mayor Scott Wehrli claimed that a changing economic landscape is at fault for the wave of store closures in the area.

In addition to the Ulta closure, a Barnes & Noble bookstore closed in January after 25 years of operation in downtown Naperville.

“I think a lot of the large national retailers are looking at their retail footprint to determine what’s going to be best for them as they are in a new economy,” said the mayor.

The store closures come despite claims that the downtown area is a popular shopping destination.

There is active interest across downtown, the occupancy rate is high, and interest in “Main Street America” is even higher, said Katie Wood, executive director of the Downtown Naperville Alliance.

“The retail and restaurant landscape is constantly evolving — not only in Naperville — but all across the country,” Wood said in a statement, adding that the building Ulta is located in is “very popular.”

Residents of the area took to social media to blame the city for the two store closures.

“Now Ulta leaving downtown Naperville. The years of sloppy road construction is making it a ghost town. So much easier to go to Wheaton to shop. Good luck with tax revenue,” read one X post.

In response to the closures, another user simply wrote “Scott Wehrli’s fault,” placing the blame on the mayor.

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Also Read: A Massive US Company Is Now Closing 500 Locations

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Market News Today - A Massive Sports Retailer Is Now Leaving A Major Mall.
Market News Today – A Massive Sports Retailer Is Now Leaving A Major Mall.

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Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    March 22, 2024 at 8:24 pm

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  2. Frank Nez says:
    March 22, 2024 at 8:24 pm

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