Performance Bicycle
If you are a cycling enthusiast, we have bad news for you. The biggest bike retailer in the country has shut down its operations. The last of its 104 locations shut down on March 2. Advanced Sports Enterprises applied for bankruptcy last fall. In the beginning, it hoped to save at least half of its locations by trying to renegotiate the leases. Sadly, it had no choice but to fold and close the company.
Performance Bicycle
Lowe’s
Lowe’s is a famous retailer of home and garden supplies. The company has shut down 51 stores already, and they were all underperforming. The closures happened in 2019. It shut down 20 stores in the US and 31 in Canada. The company announced these plans at the end of 2018 and planned to complete the store closures by February 1, 2020. The move to shut down stores happened when longtime CEO Robert Niblock retired and got replaced by former J.C. Penney CEO Marvin R. Ellison.
Lowe’s
