24 Retailers Who Are Set to Close Thousands of Stores in 2018

6. Bon-Ton

Lancaster, PA - January 15, 2017: Exterior Entrance of a Bon-Ton store, Bon-Ton is a chain of retail department stores in over 250 locations.

It’s all over for the Bon-Ton family of department stores, which includes the Bergner’s, Bon-Ton, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers chains. The 160-year-old retailer filed for bankruptcy in February and initially said it would close around 50 stores in 2018. Two months later, the company decided it would have to shut down entirely.

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5. Teavana

DENVER, USA - JUNE 25, 2014: Unidentified people at Teavana store in Denver. Teavana is a specialty tea and tea accessory retailer based in Atlanta, Georgia.

The end is brewing for Starbucks’ tea brand: The company plans to shutter all 379 of its mall-based Teavana locations. Most were to be out of business by the spring. Although Starbucks made efforts to use merchandising and store redesigns to net more customers, the strategies just didn’t percolate.