WASHINGTON (CBSDFW.COM/AP) – More grim news for shopping malls as women’s apparel designer and retailer The Limited announced that it will close all its brick-and-mortar stores at the end of this weekend. The company alerted the Ohio Department of Job and Family Services of the 248 layoffs at the New Albany headquarters and said they could start as early as today. • January 6, 2017 Chipotle exec’s drug charge to be dismissed after treatment
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• January 5, 2017 Sears sells Craftsman brand, will close 150 Sears and Kmart stores, including two in Colorado The Limited made the announcement just two days after Macy’s said it would close 68 retail stores and cut more than 10,000 jobs. Sears also announced Thursday that it would close another 150 stores as clothing retailers continue to struggle to compete as consumers increasingly buy online. Limited Stores, founded in 1963, said that it had already ceased operations at several stores in recent weeks and would be offering “highly discounted prices” on merchandise until all of its doors close for good on Sunday.
The Limited announces the closing of all of its brick-and-mortar stores and will begin operating only online after January 8.