We Now Know Why These Large Retail Companies Are Closing Down Stores

Justice

Following the permanent closure of nearly 600 stores last year, Justice will most certainly close its remaining locations this year. Ascena Retail Group Inc., the parent company, announced plans to terminate the tween girl division in November, with the 108 remaining locations closing by early 2021.

Justice

GameStop

GameStop, which has closed hundreds of locations in the previous two years, intends to eliminate a large number more in 2021. The video game retailer announced intentions to shut over 1,000 locations by March 31, the conclusion of its fiscal year. The closures come after almost a decade of financial difficulties for the gambling behemoth, which is attempting to recoup its debts following a $458 million net loss in 2018.

GameStop