Summary
Several well-known retail brands are closing stores at the end of the year due to financial challenges. American Signature, Carter’s, and H&M are among the companies shutting down locations. These closures are responses to lower consumer spending and ongoing changes in the retail market.
Key Facts
- American Signature filed for bankruptcy and plans to close several stores, including four in Tennessee, offering discounts of up to 40%.
- Carter’s will close over 100 stores in North America as part of its transformation plan and will cut around 300 office positions by the end of the year.
- Carter’s reported a slight drop in net sales, earning $757.8 million compared to $758.5 million last year in the same period.
- H&M will close two stores in New York City by January 2026 as part of a larger plan to shut down 200 units in 2025.
- Foot Locker is expected to close underperforming stores after its acquisition by Dick’s Sporting Goods, which aims to improve business efficiency by reducing unproductive assets.
