Things haven’t been going so well for many retailers recently, thanks to the popularity and ease of online shopping.
It can be hard to keep track of all the brands that say they’re closing many of their retail locations in 2017, including JCPenney, Macy’s and other favorites. In fact, 2017 was a record year for store closing announcements, according to one analysis.
Unfortunately, this also means a lot of people will be looking for new jobs in 2017 and 2018, which is a huge bummer.
To help you keep track, and make sure that you use up those valuable gift cards in time, we round up some of the retailers that are closing stores this year.
JCPenney announced earlier this year that it plans to close between 130 and 140 locations in 2017. Now, JCPenney has released a list of exactly which stores will be closing this year—a total of 138 stores across the United States will close, leaving many employees out of work.
“During the year, it became evident the stores that could fully execute the company’s growth initiatives of beauty, home refresh and special sizes generated significantly higher sales, and a more vibrant in-store shopping environment,” said Marvin Ellison, chairman and chief executive officer of JCPenney.
Once you get over your “Wait, RadioShack is still a thing?” reaction (yes, yes it is), you should know that the consumer technology company is preparing to file for bankruptcy. As a result of its financial struggles, RadioShack plans to close roughly 200 stores around the country, which will leave some 1,300 stores remaining.
3. The Limited
You’ll have to buy your clothes and accessories elsewhere because The Limited is shutting down. The store is closing all 250 of its stores across the United States and has also shut down online sales. A message on The Limited’s website says that all online orders that haven’t shipped yet will be canceled.
“Please know it has been such an honor to provide fashion for you and other strong, confident women for more than 50 years,” according to the website message. “Unfortunately, we’ve recently had to file Chapter 11 bankruptcy and can no longer accept any purchases.”
What does this mean for your gift cards? They may be totally worthless, but you can always trying emailing their customer service email address ([email protected]) for a refund—it’s worth a shot.
4. Outback Steakhouse, Bonefish Grill and Carraba’s Restaurants
This one isn’t as alarming, but the parent company for Outback Steakhouse, Bonefish Grill and Carraba’s says it will close 43 underperforming locations in 2017. That leaves more than 1,400 remaining stores in 48 states and 20 countries, so there’s still plenty of opportunities to use your gift cards if you’re obsessed with Bloomin’ Onions and Bang Bang Shrimp.