Tag: Stores

Five Walgreens stores in Southern California reportedly closing

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A handful of Walgreens retail pharmacy stores in Southern California are expected to close permanently.

The company plans to shut down five locations in Whittier, Los Angeles, Orange, Placentia and Stanton in late March, Walgreens confirmed to FOX Business.

“Increased regulatory and reimbursement pressures” impacting the “ability to cover” rent, staffing and supply costs played into the pharmacy store chain’s decision to shutter the locations, Walgreens said in a statement.

“When closures are necessary, like those here in California, we will work in partnership with community stakeholders to minimize customer disruptions,” the company said.

Walgreens unveiled a “footprint optimization program” last year that it said would entail shedding about 1,200 locations over a three-year period. (Joe Raedle/Getty Images / Getty Images)

Los Angeles Daily News earlier reported on the upcoming closures.

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A merchandise aisle and a prescription sign at a Walgreens store in New York City. (Lindsey Nicholson/UCG/Universal Images Group via / Getty Images)

This comes after news of a dozen Walgreens stores in San Francisco facing closure later this month. The company previously cited the impact of “increased regulatory and reimbursement pressures” on costs for those locations as well.

A DOZEN WALGREENS STORES IN SAN FRANCISCO TO CLOSE

Walgreens unveiled a “footprint optimization program” last year that it said would entail shedding about 1,200 locations over a three-year period. A total of roughly 500 will shutter in fiscal 2025, the company said at the time.

CEO Tim Wentworth said during the company’s first-quarter earnings call last month that the “cornerstone of our turnaround is stabilizing the U.S. retail pharmacy business” and that Walgreens “showed progress across several key planks of this plan,” including its footprint optimization program.

WALGREENS TO CLOSE 1,200 STORES AS PART OF TURNAROUND EFFORT

He said the company “expect[s] our future footprint to support stronger performance.”

An exterior view of a Walgreens store in Mill Valley, California, is seen on Jan. 6, 2022. (Justin Sullivan/Getty Images / Getty Images)

“Currently, we see comparable front end sales in our retained store fleet outperforming those stores slated to close this year by approximately 250 basis points and comparable pharmacy scripts by approximately 390 basis points,” Wentworth said. “To be clear, even with our future footprint, we have to execute on our longer-term merchandising and consumer engagement initiatives in order to grow. However, this data supports our view that the smaller footprint will be a healthier one for our company.”

In the first quarter of fiscal 2025, Walgreens Boots Alliance generated $39.46 billion in sales. The company reported a net loss of $265 million, or 31 cents per share.

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WBA WALGREENS BOOTS ALLIANCE INC. 9.47 +0.11 +1.18%

February 13, 2025
JCPenney set to close stores in 2025

Coresight Research estimates there will be another wave of retail closures in 2025 as legacy companies face relentless competition.

JCPenney is planning to close a “handful” of stores over the coming months as it struggles to keep pace with rapidly changing market conditions.

“While we do not have plans to significantly reduce our store count, we expect a handful of JCPenney stores to close by mid-year,” a spokesperson for the company told FOX Business.

Eight locations across as many states are closing, with the company citing reasons such as “expiring lease agreements” and “market changes.”

According to SB360 Capital Partners, which handles liquidation sales, one store in each of the following states is shutting down: California, Colorado, Idaho, Kansas, Maryland, North Carolina, New Hampshire and West Virginia.

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The company said the closures weren’t related to its merger with SPARC Group, the parent of Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica, that was announced last month.

In January, the companies agreed to combine to form a new organization, Catalyst Brands, where they plan to create a portfolio of six retail banners.

A JCPenney department store at Fashion Valley, an upscale shopping mall on Dec. 13, 2024, in San Diego, California. (Kevin Carter/Getty Images) / Getty Images)

Prior to the merger, JCPenney contended with slowing foot traffic and lackluster sales for years, causing it to file for bankruptcy protection at the height of the pandemic. It emerged from bankruptcy in 2020 as a private company after being acquired by Simon Property Group and Brookfield Asset Management Inc.

Under the rescue deal, JCPenney agreed to permanently close nearly a third of its 846 stores as part of its restructuring. Its leadership also tried to position the company as a place for working families so it could boost traffic.

A JCPenney store that is in the process of closing after the department store chain filed for Chapter 11 bankruptcy protection is seen at Fashion Square Mall. ( Paul Hennessy/SOPA Images/LightRocket via Getty Images) / Getty Images)

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JCPenney CEO Marc Rosen told FOX Business in 2023 that the company had been working to revamp its product offering, making sure it’s a cheaper alternative to other department stores, to boost customer frequency. It also announced that it was infusing more than $1 billion into the business to enhance its store portfolio.

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February 13, 2025
Quiksilver, Billabong and Volcom US stores to close

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Liberated Brands filed for Chapter 11 bankruptcy protection over the weekend and is looking to shutter its U.S. retail stores where it sold brands like Quiksilver, Billabong and Volcom.

The company said in a Monday press release that it filed for bankruptcy to “implement an orderly monetization and disposition of its businesses.” It submitted a motion to the U.S. Bankruptcy Court for the District of Delaware for the closure of about 124 stores as part of its bankruptcy proceedings.

Liberated estimated a range of $100 million to $500 million for its assets in its Chapter 11 bankruptcy petition. Estimated liabilities were the same.

A Billabong store in the SoHo neighborhood of New York City. (Michael Brochstein/SOPA Images/LightRocket via Getty Images / Getty Images)

The company said its U.S. stores will stay open “as the company begins its efforts to effectuate the close of its U.S. retail locations” but will ultimately shutter once their liquidation sale process is completed. Liberated also has nine locations in Hawaii, whose statuses are “currently being negotiated,” according to the release.

MAJOR CRAFTS RETAILER FILES FOR BANKRUPTCY

CEO Todd Hymel said in a court filing that “macroeconomic issues, including a rapid and dramatic rise in interest rates, persistent inflation, supply chain delays, a decline in customer demand well below the historical trendline, shifting consumer preferences, and substantial fixed costs” had weighed heavily on the company’s finances.

Liberated held the licenses for Quiksilver, Billabong, Roxy, RVCA and some other Authentic Brands-owned brands since late 2023, adding to the one it already had for Volcom, Hymel said in a filing. The licenses for Liberated to operate Volcom, RVCA and Billabong in North America were terminated in December of last year “as a result of Liberated’s default under the associated licenses,” according to Liberated’s CEO.

Liberated held the licenses for Quiksilver, Billabong, Roxy, RVCA and some other Authentic Brands-owned brands since late 2023. (Dan Himbrechts/Bloomberg via Getty Images / Getty Images)

Court filings indicated those licenses have been transferred to new operators, meaning consumers will still be able to get those clothing brands.

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“On the rare occasion that a partner is not able to fulfill its commitments, Authentic will transition the license,” David Brooks, executive vice president at Authentic Brands, said in a statement to FOX Business. “To that end, we’ve been working closely with Liberated Brands to thoughtfully transition key licenses to trusted operators within our network.”

THE CONTAINER STORE FILES FOR BANKRUPTCY, INSISTS IT’S HERE TO STAY

Brooks said Liberated’s U.S. store fleet “was overinflated, burdened with outdated and underperforming locations” and would “likely be rationalized, allowing the brands to create more value and strengthen their presence across specialty retailers, department stores, and e-commerce–ensuring a more agile and resilient future.”

Liberated said the liquidation sale process for its U.S. stores has already begun.

February 7, 2025

Ticker	Security	Last	Change	Change %
WBA	WALGREENS BOOTS ALLIANCE INC.	9.47	+0.11	+1.18%

Dry Days in India For February 2025 With Festival & Event Dates: Get Full Calendar With Days When Alcohol Will Not Be Available for Sale in Pubs, Bars & Liquor Stores Across the Country

The second month of the year is just around the corner, and it is filled with fun celebrations, religious holidays, and days of political importance. Many people will be planning house parties or getaways for the holidays, taking advantage of long weekends, or organising lunch or dinner parties that might include alcohol. However, if you are planning any such event, a dry day could disrupt your plans. But what is a dry day? Dray days are specific days when the sale, purchase, or serving of alcohol is strictly prohibited in restaurants, liquor shops, bars, or pubs. So, you might want to make a note of the below list of dry days that will be observed in the country in February 2025. February 2025 Holidays and Festivals Calendar: Basant Panchami, Valentine’s Day, Maha Shivratri and More – Get Full List of Major Events in the Second Month of the Year.

Dry days are very strictly observed in India in order to maintain public decorum and order the festival, celebration, or event. The restrictions are imposed by the government to honour the festival or event. Dry days often coincide with religious festivals, celebrations, or even political events. Hence, it is advised to stock up on alcohol beforehand so it can be enjoyed from the privacy of your home and it does not cause any inconvenience or impact your holidays and celebrations. If you’re wondering where to find a full list of upcoming dry days, look no further and simply scroll below. To help, we have curated a list of upcoming dry days in the month of February 2025.

The below days have been marked as no-alcohol days or dry days. The list of dry days in February 2025 includes the Delhi elections, Chhatrapati Shivaji Maharaj Jayanti 2025, Maharishi Dayanand Saraswati Jayanti 2025, and Maha Shivratri 2025 celebrations. List of Long Weekends in 2025 in India: Check Out the New Year Calendar for the Holiday Dates To Plan Vacations and Weekend Getaways.

List of Dry Days in February 2025 With Festival & Event Dates

Dates	Days	Festival/Event
February 3–5	Monday – Wednesday	Delhi Elections
February 8	Saturday	Delhi Elections
February 19	Wednesday	Chhatrapati Shivaji Maharaj Jayanti (Maharashtra)
February 23	Sunday	Maharishi Dayanand Saraswati Jayanti
February 26	Wednesday	Maha Shivratri

Dry days are not always observed across the entire country. Depending on the event or festival, it could be observed in the country, only a state, or a particular city. It depends entirely on what is being observed in the state or city. To know the exact dates of the dry days, always check with local authorities beforehand or refer to the guidelines issued by the state excise department.

(The above story first appeared on LatestLY on Jan 29, 2025 02:00 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

January 29, 2025

Dry Days in Mumbai 2025 List With Festival & Event Dates: Get Full Calendar With Days When Alcohol Will Not Be Available for Sale in Liquor Stores, Restaurants, Pubs & Bars in the City

With the new year comes the excitement of vacation plans, long weekend getaways, and holiday parties all over again, as they are the times when everyone gets some time off. Holidays, getaways, and festivals are incomplete without good food and a variety of drinks. Many parties, whether in restaurants, clubs, or at home, involve alcohol. If you are planning special celebrations on major days, holiday weekends, or getaways during festivals in the new year, be sure to note these dry days. They can come as surprises and disrupt your carefully planned parties and gatherings. In India, dry days are observed on occasions of cultural, national, political, and religious importance. Dry Days in India in 2025 List With Festival and Event Dates: Get Full Calendar With Days When Alcohol Will Not Be Available for Sale in Liquor Stores, Pubs and Bars Across the Country.

What Is a Dry Day?

A dry day is when the sale, purchase, or serving of alcohol is strictly prohibited. These restrictions are imposed by the government to honour a festival or event and to maintain public decorum during the occasion. However, not all dry days apply to the entire country. Some days are specific to a certain state or city, while others, like Independence Day, Republic Day, or Gandhi Jayanti, apply to the entire country.

To avoid any last-minute hassles or inconveniences, it is best to note the upcoming dry days in advance so they do not disrupt your celebrations. To help, we have curated a list of the upcoming dry days in Mumbai for 2025. Scroll below to find the complete 2025 calendar with month-wise days and dates that will be marked as dry days or no-alcohol days in the city. Hindu Festivals Calendar 2025: Know Dates of Holi, Chaitra Navratri, Durga Puja, Ganesh Chaturthi, Diwali and Other Major Festivals in India.

List of Dry Days 2025 in Mumbai With Festival & Event Dates

Dates	Days	Festival/Event
January 14	Tuesday	Makar Sankranti
January 26	Sunday	Republic Day
January 30	Thursday	Shaheed Diwas or Martyrs’ Day
February 19	Wednesday	Chhatrapati Shivaji Maharaj Jayanti
February 26	Wednesday	Maha Shivratri
February 23	Sunday	Maharishi Dayanand Saraswati Jayanti
March 14	Friday	Holi
March 31	Monday	Eid-ul-Fitr
April 6	Sunday	Ram Navami
April 10	Thursday	Mahavir Jayanti
April 14	Monday	Ambedkar Jayanti
April 18	Friday	Good Friday
May 1	Thursday	Maharashtra Day
May 12	Monday	Buddha Purnima
June 7	Saturday	Eid-al-Adha
July 6	Sunday	Muharram
July 6	Sunday	Ashadhi Ekadashi
July 10	Thursday	Guru Purnima
August 15	Friday	Independence Day
August 16	Saturday	Janmashtami
August 27	Wednesday	Ganesh Chaturthi
September 5	Friday	Eid-e-Milad
October 2	Thursday	Gandhi Jayanti
October 2	Thursday	Dussehra
October 20	Monday	Diwali
November 5	Wednesday	Guru Nanak Jayanti
December 25	Thursday	Christmas

The regulations for dry days may change based on government decisions and directives from local authorities. To confirm the exact dates, it is advisable to check the guidelines from the state excise department in advance. In addition, in case of any election days, they will also be marked as dry days.

(The above story first appeared on LatestLY on Jan 05, 2025 06:50 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

January 5, 2025

Dry Days 2025 in Delhi Full Calendar: Get List of Holidays and Important Event Dates When Alcohol Will Not Be Available for Sale in Liquor Stores, Pubs & Bars in the National Capital

Dry Days 2025 in Delhi Full Calendar: With the New Year come plans for vacations, getaways, and festive celebrations all over again. But a dry day can spoil these plans. So, what exactly is a dry day? In India, dry days are observed every year on days of national, political, religious, or cultural importance. On these days, the sale and consumption of alcohol are strictly prohibited in restaurants, pubs, liquor stores, and wine shops across the country. If your holiday plans or parties include alcohol, a dry day could put a damper on your celebrations, as they often coincide with festivals or significant events. Purnima 2025 Calendar: Know Full Moon Dates, Poornima Significance and Fasting Rituals for the Auspicious Observance.

To avoid any last-minute disappointments, it is a good idea to check and note the dry days in advance. That way, you can plan your gatherings or events accordingly and ensure they take place without any hiccups. While days of national importance like Republic Day, Independence Day, and Gandhi Jayanti are observed as dry days in India, not all dry days are observed across the country. Some are specific only to certain states, depending on the occasion being observed or celebrated.

Dry days are observed to ensure that people refrain from consuming alcohol during religious festivals, cultural events, or occasions of political importance. This helps maintain decorum and manage the public in a better way. So, what are the dry days in Delhi for 2025? Delhi will observe dry days on Republic Day, Eid-ul-Fitr, Independence Day, and more. Check the complete list for dry days 2025 in Delhi below. In addition to the below list, dry days could also be declared if there are elections or any other occasion of political significance. Hindu Festivals Calendar 2025: Know Dates of Holi, Chaitra Navratri, Durga Puja, Ganesh Chaturthi, Diwali and Other Major Festivals in India.

List of Dry Days 2025 in Delhi With Festival & Event Dates

Dates	Days	Festival/Event
January 26	Sunday	Republic Day
February 26	Wednesday	Maha Shivratri
February 23	Sunday	Maharishi Dayanand Saraswati Jayanti
March 14	Friday	Holi
March 31	Monday	Eid-ul-Fitr
April 6	Sunday	Ram Navami
April 10	Thursday	Mahavir Jayanti
April 14	Monday	Ambedkar Jayanti
April 18	Friday	Good Friday
May 12	Monday	Buddha Purnima
June 7	Saturday	Eid-al-Adha
July 6	Sunday	Muharram
August 15	Friday	Independence Day
August 16	Saturday	Janmashtami
October 2	Thursday	Gandhi Jayanti
October 20	Monday	Diwali
October 20	Monday	Dussehra
November 5	Wednesday	Guru Nanak Jayanti
December 25	Thursday	Christmas

We hope you find this list helpful. However, it may change based on decisions by the government or local authorities. Hence, it is a good idea to check the updated dry days list with the state’s excise department beforehand.

(The above story first appeared on LatestLY on Jan 05, 2025 06:52 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).