The “retail apocalypse” continued this month when three more retailers announced store closures nationwide, impacting local stores in Ohio.
After announcing the closing of nearly 90 stores last month, hhgregg is officially going out of business. The appliance store announced in March that 88 stores would close, including locations in Springdale, Fairlawn, Mansfield and Newark near Heath. READ MORE
The Kmart at 4480 Indian Ripple Road in Beavercreek is set to close in mid-July and will begin a liquidation sale on April 27, a spokesman for the retailer’s corporate parent, Sears Holdings Corp., confirmed Thursday. The store closing will leave just one remaining Kmart location in the Dayton area on Woodman Drive in Riverside. READ MORE
Payless ShoeSource will close 12 stores in Ohio after filing for bankruptcy on Tuesday. The Kansas-based retailer will close nearly 400 underperforming locations in the U.S., and announced on Wednesday that 12 stores in Ohio are on that list. READ MORE
FIVE FAST BUSINESS READS
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