Glamour may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. The lender said it had taken a £2.4billion impairment charge in the second quarter for the loans it thinks might go bad — far in excess of the expected £1.5billion provision. 166 Tui stores are set to close (Picture: Getty Images) Travel giant Tui has announced it will close 166 stores across the UK and Ireland. Stock up on Perfect Peony body splash now: Bath & Body Works’ parent company, L Brands, announced in May 2020 that 50 locations in the United States, as well as one store in Canada, will close this year. Win a £300 Red Letter Days voucher with Malaysia Airlines. Between COVID-19’s catastrophic impact on retail coupled with the continued rise of online shopping, 2020 has brought a store closing list that’s predictably vast. Thursday 30 July 2020, 11:55am . The company is closing 27 stores in 2020, including 19 New York & Company locations, four Fashion to Figure stores, and four New York & Co. outlets. But industry groups have urged the government to introduce an emergency rescue package to save agencies. Labor union the Communications Workers of America says the closings will affect 1,300 store employees. As of March 2020, bankrupt sporting-goods retailer Modell’s stopped liquidation sales and closed all of its stores, according to Crain’s. The health retailer released an initial list of stores that will shutter on gncevolution.com. The company said the closure of the 166 stores in the UK and Ireland would still leave it with 350 stores in those geographies, but made sense when 70% of TUI's UK bookings were made online. Thursday 26th November 2020 . All rights reserved. However, a month later the company said it planned to reduce the U.S. closures to 88 locations. As of January 2020, here are the locations that have closed or are scheduled to close. Every TV Show That’s Been Canceled in 2020, Proof Serena Williams, Alexis Ohanian, and Baby Olympia Are the Cutest Family on Instagram, 9 Best Neck Stretches That’ll Give You Sweet Relief, The 21 Best Sweatpants for Women to Live In Until Further Notice, a number of retailers filed for bankruptcy. Plans for the end of the transition had ‘stalled or gone into reverse’, the CBO said. The closures were abrupt; for example, zero notice was given to employees in Colorado, according to a local report. It also plans to cut about 20% of its corporate jobs by the end of its fiscal second quarter. Nordstrom announced in June 2020 that it will permanently close all three Jeffrey designer apparel stores (which it owns) in addition to the 16 Nordstrom department stores it plans to shut down. Apparel and accessories brand Guess plans to close approximately 100 stores in North America and China over the next 18 months. Stores closing in 2020: 250 AT&T is hanging it up at 250 of its retail locations, including both AT&T Stores and Cricket Wireless shops. Kids’ apparel retailer The Children’s Place announced in June 2020 that it will close 300 of its 920 stores in the United States, Canada, and Puerto Rico, with 200 planned for this year and 100 for 2021. It plans to move 70 per cent of the shop staff to a new ‘home-working sales and service team’ and relocate some of them to its remaining 334 stores. Controversial lingerie retailer Victoria’s Secret parent company L Brands announced in May 2020 that it plans to close a quarter of its stores—250 locations—in the U.S. and Canada during the next few months. The travel and tourism industry is one of the worst-hit industries following the coronavirus pandemic. “The decisions as to which domestic stores will be closing are ongoing, pending the outcome of continued conversations with landlords,” a spokesperson for the retailer told Glamour in 2019. USA Today published the list of closures the same year they were announced. The company also operates White House Black Market and Soma. The company has managed to keep over 90 locations up and running. The furniture chain is planning to close 450 stores—about half of its total locations—the company announced in January 2020 amid falling sales. Tui promises no job losses as it looks to reduce the U.S. closures to 88 locations it will be after! Company also plans to ensure the group becomes ‘ more sustainable ’ and 45 Kmart.! The value of assets due to the collapse of oil prices also be shuttering approximately 230 locations during the two! 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