Two major South Florida department stores will be closing their doors for good in 2020 after decades in business. Macy’s announced Tuesday that they would be closing the store in Pompano Beach at the Pompano Citi Centre after 50 years of operation. Also closing are the two other Florida Macy’s stores, in Vero Beach and Sanford. “The decision to close…
Pier 1 Imports announces the closure of up to 450 stores, while it’s announced that the Bloomingdale’s at The Falls in Miami-Dade is closing.
2019 has been a record year for store closures in retail. In the U.S., retailers this year have announced plans to shut more than 9,300 locations. That’s up more than 50% from the total announced closures in 2018, which amounted to 5,844, Coresight said. Previously, the record was for the 8,069 store closures announced in 2017. Bankruptcies continued to be…