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Home Store Sur La Table Is Closing More Than Half of Its Locations

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It’s arduous to search out an trade that hasn’t been majorly affected by the coronavirus pandemic, however arguably journey, hospitality, and retail have been hit hardest. As companies throughout the nation grapple with the painful actuality of the COVID retail panorama, many are being pressured to make tough adjustments. Recently, iconic department shops like Century 21 and Lord & Taylor introduced their closures, and now, there’s one other addition to the ill-fated listing of retailers which can be not surviving the pandemic. Beloved residence retailer Sur La Table is closing greater than half of its areas throughout the U.S.

News of the high-end cookware and kitchen provide retailer’s shuttering comes simply two months after the corporate filed for Chapter 11 bankruptcy protection and introduced the closure 56 of its 121 shops, USA Today stories. Now, Sur La Table has introduced a further 17 shops may also be closing, leaving simply 55 areas remaining.

Sur La Table’s liquidation sales are underway on the soon-to-be-shuttered shops and can proceed till the retail branches shut for good on the finish of September.

In a press release, Sur La Table, which was based in Seattle in 1972, mentioned the current improvement was “a result of the financial impact of the COVID-19 crisis.”

Many specialists now cite the pandemic as a catalyst that sped up an already growing crisis within the retail world: As extra individuals flip to purchasing on the web and keep away from crowded outlets, some of the most important gamers are paying the value.

“The whole business model of a mall, which is about pulling in as many people as you can and getting them to stay for as long as you can, has just unraveled,” Neil Saunders, managing director of consultancy GlobalData Retail, beforehand advised USA Today. And as as soon as marquee department shops designed to herald foot visitors proceed to shut up store as individuals make their purchases on-line, the issue will seemingly solely worsen, he provides.

Sur La Table joins a quickly rising listing of main retailers which have been felled by the pandemic throughout the U.S. Read on to search out out what different shops you will must say goodbye to. And for an additional current sufferer of COVID, take a look at This Beloved Discount Store Is Closing All of Its Locations.

Pier 1 Imports store with closing sign
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Another residence items retailer, Pier 1 Imports, was one of the earliest nationwide firms to really feel the results of the COVID pandemic, submitting for chapter on May 19 and subsequently closing all of its stores.

A Stein Mart location in Rochester Hills, Michigan. Stein Mart is a chain of department stores in the US.
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Discount retailer Stein Mart filed for Chapter 11 chapter in August. On Sept. 14, the 112-year-old firm introduced it will likely be closing its 280 stores throughout 30 states for good with a going-out-of-business sale at present underneath manner. And for extra shops we needed to say goodbye to, take a look at these 17 Once-Beloved Department Stores That Are Now Defunct.

Century 21
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Iconic New York division retailer Century 21 introduced on Sept. 10 that it could be closing its 13 shops. Century 21 is now having a going-out-of-business sale on its designer items. And for those who’re on the hunt for good offers, head to The Secret Store on Amazon With Tons of Popular Items on Sale.

Lord and Taylor store with closing sale sign
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On Aug. 27, the oldest division retailer within the U.S., Lord & Taylor, introduced it was filing for Chapter 11 bankruptcy and going out of enterprise.

Neiman Marcus
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In early May, Neiman Marcus filed for Chapter 11 chapter. The excellent news is, in accordance with Business Insider, the chain has solely closed 22 stores, leaving some areas nonetheless open for those who’re fortunate. And for those who’re seeking to make money when you store, be taught The Secret Trick to Get Money From Amazon You Need to Know.

Nordstrom
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Though Nordstrom introduced in May that 19 of its 116 stores would be closing, the corporate might be retaining Nordstrom Rack areas intact, per Business Insider.

Forever 21
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Forever 21 filed for chapter pre-pandemic in Sept. 2019, however it’s since been pressured to close hundreds of locations, in accordance with Business Insider. And for extra up-to-date information delivered straight to your inbox, join our each day e-newsletter.

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