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Loves Furniture to close 9 more Michigan stores

Loves Furniture to close 9 more Michigan stores
Loves Furniture plans to close nine more of its Michigan stores as it struggles to keep many former Art Van Furniture locations in business and stocked with inventory.
Loves CEO Mack Peters said Wednesday that the company will be consolidating its footprint after the holidays to 13 stores 12 in Michigan and one outside Toledo. Loves Furniture went into business in late summer with a total of 32 stores in Michigan, Ohio and Pennsylvania, employing nearly 950 people. Other stores are either closed or slated to close.
Some of the Michigan stores it is shuttering are only about a 10-minute drive from Loves Furniture locations that are staying open, he said. ....

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JCPenney in Canton closing its doors this spring

JCPenney in Canton closing its doors this spring
Canton Township is about to lose yet another major retailer along Ford Road.
JCPenney announced its store at 43690 Ford Road will join 14 others nationwide in closing their doors this spring and is an addition to 150 others previously announced to close by the company.
As part of our store optimization strategy that began in June with our financial restructuring, we have made the decision to close an additional 15 stores, reads a statement from JCPenney sent to Hometown Life. These stores will begin liquidation sales later this month and will close to the public in mid-to-late March. ....

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The High Cost of COVID-19 Lockdowns on America's Retailers

The High Cost of COVID-19 Lockdowns on America's Retailers
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