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Stock impact report

Walmart and other major US brands close more brick-and-mortar stores [Yahoo! Finance]

Urban Outfitters, Inc. (URBN) 
Last urban outfitters, inc. earnings: 3/3 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.urbn.com/investor-relations
Company Research Source: Yahoo! Finance
Some 1,290 stores have either closed or are earmarked for closure in 2024. As many as 169 stores shut in the last week of April alone, according to Business Insider. Supermarkets and fashion brands appear to be worst hit. Clothing company Express announcing 95 closures last week, two Dom's Kitchen & Market abruptly shuttere and 33 Foxtrot stores closed on 23 April. “We explored many avenues to continue the business but found no viable option despite good faith and exhaustive efforts,” Express said in a statement. “This decision has not been made lightly, and we understand the impact it will have on you, our loyal customers, as well as our dedicated team members.” Urban Outfitters plans to close seven stores with its decade-old Williamsburg location up for rent. In Walmart 's case, the chain announced it was closing one of its Neighborhood Market stores in Milwaukee on 17 May. “Usually big-box retailers when they try to go small with city stores, it doesn't usually work,” Show less Read more
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