News Summary
Florida’s retail landscape is witnessing significant changes with the closure of over 20 At Home locations, including two in the state, amid ongoing economic challenges. This comes as Florida prepares for the grand opening of its first L.L. Bean store at University Town Center in Sarasota, aiming to attract both residents and tourists. These transitions reflect the evolving market dynamics as established retailers face closures while new opportunities arise in the retail sector.
Florida is experiencing a significant transformation in its retail landscape as major changes unfold along with the economic challenges affecting the broader market. The home furniture and décor retailer At Home has announced plans to close over 20 stores nationwide, including two locations in Florida. This news comes as the company grapples with Chapter 11 bankruptcy, reflecting the pressures faced by retailers today. As Florida’s retail inventory rises, the state is also gearing up for the launch of its first L.L. Bean store.
Florida currently boasts a total retail inventory exceeding 1.3 billion square feet, which constitutes 11% of the total retail space across the United States. In the first half of the year, Florida accounted for 26% of all new retail supply in the country. The expansion of retail space in the state contrasts sharply with the recent struggles of some established retailers, indicative of fluctuating market dynamics.
Among the notable retailers facing closure, At Home’s decision is particularly impactful as the company has been conducting going-out-of-business sales at its closing locations. The two Florida locations are part of their restructuring effort, which has reduced their total stores nationwide by six, resulting in 260 locations remaining. The economic climate has pushed other retailers, such as Big Lots, Joann Fabrics, and Macy’s, to similarly announce store closings this year.
Additionally, At Home’s ownership is transitioning to a group of hedge funds and firms from New York City and San Francisco as part of the bankruptcy filings. The company employs nearly 7,200 people nationwide, and these widespread closures prompt concerns about the job market and retail employment in Florida and beyond.
On a different note, excitement brews in the retail arena with the upcoming opening of L.L. Bean’s first location in Florida. This store will be situated at the University Town Center (UTC) in Sarasota, specifically in the former space occupied by Bed, Bath & Beyond on North Cattlemen Road. Set to open in early May, the new store will feature clothing and footwear designed for the Florida outdoor lifestyle, catering to residents and tourists alike.
In preparation for its first store in the Southeastern region, L.L. Bean will bring its iconic Bootmobile to the Sarasota community from March 29 to April 5. The Bootmobile is expected to generate community interest ahead of the grand opening, making appearances that highlight the brand’s outdoor heritage and commitment to promoting active lifestyles.
The new L.L. Bean site will offer various positions, including roles for store team leaders and sales associates, with online applications currently being accepted. The launch of this store represents an effort to bring fresh retail opportunities to the region, balancing the losses from At Home’s closures.
As Florida navigates the complexities of the retail environment, these developments illustrate the dual nature of the market—where challenges lead to some closures while fresh openings bring new opportunities. Both consumers and employees are watching closely as the retail landscape adapts to shifting economic realities.
Deeper Dive: News & Info About This Topic
- Patch: Major Home Retailer to Shutter 2 FL Stores
- Google Search: Florida retail industry
- Business Observer: L.L. Bean Hiring for UTC Store
- Encyclopedia Britannica: Retail Business
- News Journal: Florida Store Closings
- Google News: Florida store closures
Author: STAFF HERE ORLANDO WRITER
ORLANDO STAFF WRITER The ORLANDO STAFF WRITER represents the experienced team at HEREOrlando.com, your go-to source for actionable local news and information in Orlando, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Orlando International Fringe Theatre Festival, Megacon Orlando, and Central Florida Fair. Our coverage extends to key organizations like the Orlando Economic Partnership and Hispanic Chamber of Commerce Metro Orlando, plus leading businesses in leisure and hospitality that power the local economy such as Walt Disney World Resort, AdventHealth, and Universal Orlando. As part of the broader HERE network, including HEREJacksonville.com, HEREPetersburg.com, HERETallahassee.com, and HERETampa.com, we provide comprehensive, credible insights into Florida's dynamic landscape.
