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Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Friday, March 21, 2025

The Ongoing Retail Apocalypse

Which Brick-and-Mortar Stores Are Closing or Staying Open?


The retail industry has been in turmoil since the COVID-19 pandemic, with many well-known chains struggling to keep their doors open. Some have shut down entirely, while others are downsizing in an effort to survive. Here’s an updated list of major retailers, breaking down which are closing permanently, closing some stores, and which are staying open despite financial troubles.


Stores That Are Closing Permanently


Jo-Ann Fabrics and Crafts

Status: Closing all stores (Liquidating)

Details: The company filed for bankruptcy in early 2025 due to $615 million in debt. All 800 stores are closing, and liquidation sales are currently underway. However, customers are upset that Jo-Ann is refusing to accept gift cards.


99 Cents Only Stores

Status: Closed all stores permanently

Details: In April 2024, the discount chain announced it would be shutting down all 371 locations, citing financial struggles from the pandemic, inflation, and shifting consumer demand.


Party City

Status: Closing all corporate-owned stores

Details: Party City filed for Chapter 11 bankruptcy in early 2023. While franchised locations and Canadian stores (owned by Canadian Tire) remain open, all corporate-owned U.S. stores will be closed by February 28, 2025.


Stores That Are Closing Some Locations


Walgreens

Status: Closing 1,200 stores over the next three years

Details: Announced in late 2024, the pharmacy chain is downsizing due to regulatory pressures and rising operational costs.


Macy’s

Status: Closing 150 stores as part of a restructuring plan

Details: Macy’s is cutting underperforming locations to focus on stronger markets, with sales expected to decline in 2025.


Big Lots

Status: Closing 700+ stores, keeping some open

Details: The retailer filed for Chapter 11 bankruptcy in 2024, initially planning to shut down all locations. However, a last-minute deal with Variety Wholesalers, Inc. will keep up to 400 stores open. Despite this, many locations—including some in Broome County, NY—have already closed.


Dollar Tree & Family Dollar

Status: Closing 1,000 stores (including 370 Family Dollar and 30 Dollar Tree locations)

Details: After reporting a $1.7 billion loss in Q4 2024, Dollar Tree is shutting down struggling locations to cut losses.


Red Robin

Status: Closing 70 locations when leases expire

Details: The restaurant chain suffered a $32.4 million loss in late 2024 and is cutting underperforming stores.


CVS Health

Status: Closing 270 stores in 2025

Details: After shutting down 800 stores in the last three years, CVS is continuing to shrink its footprint, refocusing on pharmacy services rather than full-scale retail.


Forever 21

Status: Closing up to 200 stores, possibly filing for bankruptcy

Details: The fast-fashion retailer is struggling to stay afloat and may enter Chapter 11 bankruptcy, though its international locations remain open.


Rite Aid

Status: Closing nearly 100 stores

Details: The pharmacy chain filed for Chapter 11 bankruptcy in 2023 and has nearly disappeared from Michigan and Ohio. More closures are expected.




Stores That Are Staying Open (For Now)


While these stores have struggled financially, they are not shutting down entirely:


✅ Hobby Lobby – No announced closures, remains a strong competitor in the crafts market.

✅ Michael’s – Still operating, with strong online and in-store sales.

✅ Walmart & Target – Closing some underperforming locations, but overall growth remains stable.

✅ TJ Maxx, Marshalls, and HomeGoods – Continue to thrive with their discount model.



City Chic Island KickSo, What’s Next for Retail?

With major brands disappearing or downsizing, it’s clear that brick-and-mortar retail is still in trouble. E-commerce is thriving, and businesses that fail to adapt are shutting down. Expect more closures, bankruptcies, and store overhauls in the coming years.

Have any of your favorite stores closed? Let us know in the comments!


Saturday, May 2, 2020

BUSINESS TOOLS | VENDOR LISTS - BOSS BUNDLES & SUPER PACKS




About Boss Mentality Inc.

The ability to define one's own path in life and make a comfortable living is a goal shared by the majority of the population. A mindset of greatness, or "boss mentality," is necessary for this to occur.

It's not enough to have a "boss mentality" if all you care about is having a flashy home, car, and accessories; you have to have the mindset to succeed in all areas of your life. Realizing that each day contains the same number of hours, the trick is to use those hours wisely by setting goals, developing a strategy, and carrying it out.
Knowledge, self-confidence, self-motivation, and discipline are key to our mission of fostering entrepreneurialism and self-sufficiency.

We can all bring out our inner boss and achieve greatness.
    



Saturday, November 23, 2019

LIFE AFTER HIGH SCHOOL - JOB HUNTING? (PART 1)



It may be summer! graduation is finished, prom was successful but now it's time to enter the job market.
This can be a scary time for many, especially high school or college graduates.
When introducing yourself to a possible employer for the first time, it is important to create a resume or what most know as a "CV".
Before you create a resume, it is important to include a "cover letter". This is a single-page letter that you include with your job application. A well-written resume is a key part of any job application. It can convince employers to interview you, or even hire you. It can also sell your strengths even if you don't have much paid experience.

Here are a few great points to get started.

COVER LETTER

You should always include a cover letter, unless the job advertisement clearly says not to.
The purpose of a cover letter is to introduce yourself mention the job (or kind of job) you're applying for (or looking for) show that your skills and experience match the skills and experience needed to do the job encourage the reader to read your resume finish with a call to action (for example, asking for an interview or a meeting).


What to include in your cover letter?

  • Your name and contact details
These details go at the top of your cover letter. You don't have to give your postal address, but you do need to include your email and phone number.

Your email address should create a professional impression. Don't use an email address like: HotboyGirl2019@bmail.com.

If you don't have a professional email address, you can make one with a free email provider. Make it simple – something that includes your first name and your last name is a good way to go.

  • Their name and contact details
Under your own name and contact details, you should include:Name of the person you're writing to and their position or the name of their company their contact details.


How long should a cover letter be?
Keep it short. A cover letter is meant to be a summary of your resume, so don’t write more than one page.

Match your cover letter to the job!

Use a different cover letter for each job you apply for. Your cover letter needs to show that you know what the job involves, and what the employer is looking for.

To do this, be specific about your skills and qualities. You also need to show how they match the needs of the job or the organisation.

Here are three simple ways to make your cover letter as specific as possible:

1. Find out who to address it to:
Try not to address your letter ‘To whom it may concern’. 
Find out the name of the person who will read your application. This might take a little effort, but it's worth it. 
TIP: You can use ‘To whom it may concern’, but it’s best to only use this as a last resort.

If you found the job in an advertisement, it will probably name a person to send the application to. If it doesn’t, call the employer or advertiser and ask who to send the application to. Telephone is best, but email them if you can’t find a contact phone number.

If you find out the person's name, don't use their first name. Use either ‘Mr’ or ‘Ms’ and their last name instead.

2. Find out more about the job description:

When finding out who to address your application to, you could also try to contact that person so you can ask questions. This can help you match your cover letter (and resume) to the job.

Questions you could ask:
Does the job involve working as part of a team?
Who would I be reporting to if I got the job?
Can you tell me more about the kind of person you're looking for?
Is there a position description I can look at? 
(Only ask this if the job advertisement doesn’t mention a position description.) Write down the answers to these questions as they can be used in your cover letter.



3. Find out more about the company:

Find out more about the company so you can tailor your cover letter for the job. 

Here are some tips:
  • If you know the name of the company, look for information online.
  • If the company has a website, visit it (especially their ‘About us’ page).
  • If the company name isn't in the advertisement, call the recruitment agency or advertiser and ask who the employer is.
  • Find out what the employer does, and how they talk about themselves. Use this language in your cover letter.


Sunday, April 28, 2013

Oh! Canada... "Maclean's"

Maclean's is Canada's only national weekly current affairs magazine. Maclean's enlightens, engages, and entertains 2.4 million readers with strong investigative reporting and exclusive stories from leading journalists in the fields of international affairs, social issues, national politics, business and culture.

Maclean's Magazine