Last updated: 2026-01-30 03:27:55 ET
The news comes just two weeks after the parent company filed for bankruptcy. Only 12 off-price stores will remain open.
Saks Off 5th is closing the vast majority of its stores -- or 57 locations -- in the coming weeks, the company said.
Starbucks' shares fell about 2% on Thursday after the much-awaited long-term targets were announced.
Allbirds announced Wednesday that it will close all of its full-price U.S. stores and shift its focus to e-commerce to boost profitability.
Starbucks said growth in stores open at least 13 months was much better than expected — and the stock was headed toward a 10-month high.
The retail giant announced the closures in a blog post on Tuesday, Jan. 27.
Amazon shutters all of its physical Go and Fresh stores
Amazon is looking into opening a supercenter retail location, while closing its Amazon Go and Amazon Fresh physical stores.
Amazon acknowledged it hasn't yet "created a truly distinctive customer experience" in announcing move to scale back its brick-and-mortar grocery business.
Wing and Walmart are embarking on the next chapter of the world’s largest drone delivery expansion to evolve our service from a regional success int...
