Retail Giants and Select Fashion Announce Store Closures

Select Fashion, a UK bargain fashion chain, is closing three stores in Kidderminster, Crewe, and Thornaby after entering a Company Voluntary Arrangement to restructure debts. Meanwhile, Kohl's will close 27 underperforming stores across 15 states by April 2025, impacting employees who are offered severance or transfers. Similarly, Macy's plans to close 66 stores as consumers increasingly shift to online shopping. Both retailers emphasize these closures as necessary for long-term business health and growth strategy. The closures reflect ongoing challenges in the retail sector, with significant store closures reported across the industry in 2024, including major players like Family Dollar and CVS Health.