Performance Bicycle
We have some terrible news for you if you enjoy cycling. The largest bicycle retailer in the country has shuttered its doors. The last of its 104 stores shuttered on March 2. Advanced Sports Enterprises filed for bankruptcy last October. By attempting to renegotiate leases, it aimed to save at least half of its locations initially. Regrettably, it had no choice except to fold and close the company.
Performance Bicycle
Lowe’s
Lowe’s is a well-known store that sells home and garden supplies. The corporation has already shut down 51 locations that were all underperforming. In the year 2019, the closures took happened. It shuttered 20 locations in the US and 31 in Canada. The company revealed its plans in late 2018, with the goal of closing all of its locations by February 1, 2020. The decision to close stores was taken when veteran CEO Robert Niblock retired and was replaced by former J.C. Penney CEO Marvin R. Ellison.
Lowe’s