4 big retailers announce closing of 465 stores
Victoria’s Secret, Gap, Footlocker and JCPenney on Friday said they would each close dozens of stores. It’s unclear how many Missouri locations will be closing. What is clear is that the worsening retail environment will leave more than 3,300 vacancies at malls and shopping centers across the country.
Victoria’s Secret plans to close 53 stores. The lingerie retailer isn’t “releasing the list of affected locations but said the closings will occur over the next year and represent less than 5 percent of its worldwide store count.”
Gap said it will close 230 stores over the next two years. Gap, which has about 800 locations in North America, said it hasn’t finalized its list of stores that will close.
Footlocker plans to close 165 stores.
JCPenney said it would close 18 stores this year, including the three it announced in January. One of those locations is in St. Louis.
The retail meltdown comes just weeks after Payless Shoesource announced it will close all 2,100 of its locations in North America and Gymboree said it would close all 800 of its stores.
Crane Freight & Cartage closing KC operations, firing 28 workers
Houston-based logistics company Crane Freight & Cartage is shutting down its Kansas City operations and laying off its 28 workers there, according to a notice filed with Missouri under the federal Worker Adjustment and Retraining Notification (WARN Act).
According to the notice, Crane “has decided to permanently close its facility, located at 10241 NW Transcon Drive, Kansas City, Missouri 64153.” No reason was given for the closure. All 28 of the workers at the facility will be laid off effective May 30.
Crane has 20 locations in 15 states, according to its website.