We look forward to making more announcements in the future. Indianapolis News and Headlines. Actions Facebook Tweet Email. Two Circle Centre Mall shops closing this weekend, what's in store for ? By: Katie Cox. Stores that have closed in the past year or so include: The Limited Johnny Rockets Yankee Candle American Greetings Gap California Pizza Kitchen Abercrombie and Fitch The closures are starting to outnumber the openings at the mall with only five stores opening the past two years.
To shoppers like Dawn Hiller, the closings have become too much of regular thing. Jill, and I think that iit's a shame. People work hard for their money and can The Talbots on Walnut Street closed last year for some unknown reason.
They didn't have a varied selection but the store was otherwise pretty much fine. Noticed that a few other stores have closed as well, but I'm mostly interested in Talbots.
Is the store at the Promenade Shops closed for good or is it perhaps just a temporary thing and not permanent at all? My friend said that they're not returning There is no reason for doing this but they still do. Talbot's is weird at best - frankly Why are thy doing it. I wonder how many more stores will just up and leave the poor mall? I know that Talbot's will be one of them.
They will close on Jan 26 and they won't come back. How many other Talbot's are there in Charleston? I just don't know. Talbots quality has drastically declined yet their prices are still high. They cater to the older customer. Read more: Experts say brick-and-mortar retailers could rebound post-pandemic — but only if they channel the e-commerce boom back to their physical outposts. The analysts identified 13 stores at the highest risk of defaulting, and most of them are apparel stores.
Rite Aid, the US pharmacy chain with 2, stores in 19 states, struggled amid the pandemic as fewer people came down with colds or coughs as they sheltered at home. Moody's said its competitive disadvantage and near-term maturities are putting it in danger of default.
While the party retailer is still at risk of default because of ongoing challenges from low demand, the risk isn't "immediate," the analysts said. Women's clothing store Talbots is among apparel retailers at risk. The company is facing sector challenges, as many consumers have turned away from malls amid the pandemic.
Talbots doesn't have much cash on hand, and it's debt is coming due soon, analysts said. Belk, a private apparel retailer with locations in 16 states, already marked the first bankruptcy of The Charlotte, North Carolina-based department store chain has struggled like other apparel retailers amid the pandemic. Plus, it has a lot of debt and not a lot of cash on hand.
Men's Wearhouse was among the long-struggling companies that defaulted in , along with retailers like J. Penney and J. The formal apparel retailer was hit hard during the pandemic as people stayed at home and opted to wear comfy clothes instead of formal wear.
Moody's said the company's outlook is currently stable, though it's still at risk amid continued sector challenges. Neiman Marcus was also among retailers that filed for bankruptcy in , as it was under "inexorable" pressure from the pandemic. Jill, owned by Jill Acquisition, restructured its debt in , giving the company "additional time to recover from coronavirus-driven disruption in the apparel retail industry ," Moody's said at the time.
Though the women's apparel retailer still has risky debt on hand with weak liquidity , Moody's rated it at stable.
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