Performance Bicycle
If you enjoy cycling, we have some bad news for you. The largest bike retailer in the country has closed its doors. The last of its 104 locations shut on March 2. Advanced Sports Enterprises declared bankruptcy last October. It had intended to keep at least half of its locations by seeking to renegotiate leases. Unfortunately, it had no choice but to fail and close the firm.
Performance Bicycle
Lowe’s
Lowe’s is a well-known home improvement and gardening supplies business. Previously, the company shut 51 stores, all of which were underperforming. The closures occurred in 2019. It shut 20 stores in the US and 31 in Canada. The company announced these plans at the end of 2018, intending to close all shops by February 1, 2020. The decision to shut shops was taken after longtime CEO Robert Niblock left and was replaced by former J.C. Penney CEO Marvin R. Ellison.
Lowe’s
