Macy's plans to close 66 stores across 22 states

Forever 21 is set to close at least 200 of its U.S. locations as it prepares for a second bankruptcy filing in five years, primarily due to mounting debt and competition from online retailers. The closures are part of a potential bankruptcy plan that includes seeking a buyer for the remaining stores; if no buyer is found, the entire chain may liquidate. This situation follows the brand's previous bankruptcy in 2019, which resulted in hundreds of store closures. Similarly, Macy's has announced the closure of 66 stores as part of a restructuring effort aimed at improving profitability in response to declining sales and increased competition. Additionally, Jack Wills is closing a branch in Derby as it integrates into a Frasers department store, highlighting ongoing shifts in the retail landscape. The closures across various retailers reflect broader challenges facing brick-and-mortar stores in adapting to changing consumer behavior and economic pressures.