Performance Bicycle
If you enjoy cycling, we have some unfortunate news for you. The country’s largest bicycle store has closed its doors. On March 2, the last of its 104 locations closed. Last fall, Advanced Sports Enterprises filed for bankruptcy. It planned to save at least half of its locations at first by attempting to renegotiate leases. Unfortunately, it had no choice but to fold and shut down the company.
Performance Bicycle
Lowe’s
Lowe’s is a well-known home and garden supply store. The company has now closed 51 stores, all of which were underperforming. The closures took place in the year 2019. It closed 20 stores in the United States and 31 in Canada. The company revealed its plans at the end of 2018, with the aim of closing all of its stores by February 1, 2020. When longtime CEO Robert Niblock retired and was succeeded by former J.C. Penney CEO Marvin R. Ellison, the decision to close stores was made.
Lowe’s