COVID has claimed firms each huge and small over the previous a number of months. Most not too long ago, our favourite quirky Danish retailer—Flying Tiger—introduced they’d be closing all 13 of their U.S. places. On Oct. 14, the favored New York City selection retailer chain, with just a few different places littered all through Massachusetts and New Jersey, introduced by way of Facebook that its stores would be closing by the top of the 12 months.
The retailer has a cult-like following within the U.S., but it surely’s standard worldwide: Flying Tiger has 950 shops throughout the globe. In the U.S., the chain had a brief however significant life, having touched down within the states simply 5 years in the past.
“For the past 5 years, we have loved providing everyday magic for thousands of people in New York, New Jersey, and Massachusetts. We have built an amazing team of store colleagues. We have had our ups and downs but have always felt the love from our customers … and that love is reciprocated,” the shop’s parting message reads. Many somber prospects commented on the Facebook put up, mourning the shop and celebrating it as a vivid spot for buying that can be dearly missed.
Flying Tiger cites the challenges of the previous seven months as the rationale they have to say goodbye to their U.S. places. In the put up, they encourage anybody with a present card to place it to make use of earlier than Nov. 20, 2020.
This is simply the most recent coronavirus retail casualty. Read on for extra shops which have closed on account of COVID, and for companies on the brink, These Beloved Stores Could Be Next to Close in Your Town.
The iconic division retailer’s monetary challenges started lengthy earlier than COVID. In an effort to salvage the shops, the chain was sold to Le Tote in 2019. However, that wasn’t sufficient to save lots of the Lord & Taylor, particularly with the added hardships introduced on by the pandemic. The firm introduced they’d be going out of business after submitting for chapter on Aug. 27. And for extra shops closing up store, try these Beloved Strip Mall Stores You May Never See Again.
Century 21 co-CEO Raymond Gindi stated that regardless of having survived other hardships, together with the devastating influence of 9/11, the New York-based chain needed to shut on account of COVID. On Sept. 10, Century 21 introduced that they had filed for chapter and could be shutting down all 13 places. And for one more buying loss, This Beloved Store From Your Childhood Is Closing 200 Locations.
On Aug. 13, Stein Mart, which is over a century outdated, introduced they’d be closing all of their 280 shops throughout 30 states. The standard low cost retailer filed for chapter on account of “the mixed results of a challenging retail environment coupled with the influence of the coronavirus,” Stein Mart CEO Hunt Hawkins stated in a press release. And to find out about one other latest loss, This Mall Mainstay May Be Closing a Store Near You.
Pier 1 Imports was one of many earlier shops to break down beneath the load of COVID. The curated house items retailer introduced they filed for bankruptcy in mid-May and could be closing all 540 shops. And for extra up-to-date info, join our day by day publication.